WTI crude oil futures settle at $39.60

Up $0.66
The high price reached $39.91. The low extended to $37.73.
The move higher was able to shrug off the inventory data point showed crude oil inventories increased by 5.72 million barrels vs. -1.85M estimate. The private API data and a larger surprise of 8.49 barrels. As a result the market was likely expecting it.