Oil Inventories Jump 17.4 Million Barrels — and the Fed's Next Move Might Be a Hike

U.S. crude inventories posted their biggest weekly build in 3.5 years — 17.4 million barrels against forecasts calling for a drawdown — and oil still closed higher. The reason is a shipping constraint, not a demand collapse, and it runs straight through energy inflation to a Fed that may be closer to hiking than cutting.