RE:RE:EIA: 16.3m build due to 13.8m 'Adjustment'Good summary reviewing the irritating adjustment from in Morningstar:
https://www.morningstar.com/news/marketwatch/20230215511/oil-futures-fall-as-us-crude-supplies-post-a-weekly-climb-of-more-than-16-million-barrels
Simply put, this adds to volatility in the coming weeks/months. However, IEA expects the crude market to fall into deficit in second half of the year where there is a risk to the upside for oil.