Oil jumped 4% despite huge US stocks piled up

International benchmark for crude oil added about 4% on Wednesday, 13 April 2022 despite the latest report from the Energy Information Agency (EIA) showing 9.4 million build-ups in commercial crude inventories over the past week. The market is more concerned about the loss of Russian supply as Western countries plan sanctions on the country's oil.

Brent settled up $4.14 or 4% to $108.78/barrel. 

WTI gained $3.65 or 3.7% to close at $104.25/barrel.