On November 27th, the U.S. Energy Information Administration (EIA) reported that U.S. crude oil inventories increased by 2.77 million barrels last week, compared to analysts' expectations of a decrease of 2.329 million barrels and a decrease of 3.426 million barrels the previous week.

The increase of 2.77 million barrels in U.S. crude oil inventories last week significantly exceeded analysts' expectations of a decrease of 2.329 million barrels (a deviation of approximately 5.1 million barrels), and the previous week's inventory decrease of 3.426 million barrels indicates an exacerbation of oversupply or weak demand. Unexpected inventory accumulation typically puts downward pressure on spot prices; therefore, this is assessed as a major bearish factor, exerting significant downward pressure on crude oil spot prices.

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