U.S. crude oil inventories rose by 3.824 million barrels in the latest reporting week, exceeding market expectations of a 2.8 million barrel increase and following a previous rise of 3.475 million barrels, according to official data.

At the Cushing, Oklahoma delivery hub, crude inventories increased by 0.117 million barrels after a larger 1.564 million barrel build in the previous week. The data indicates continued inventory accumulation, though the rise at the key Cushing storage hub slowed significantly compared with the prior period.