DOE Energy Inventories - Decent Build leads to muted sell-off

Crude has been strong since the situation in Iran threatening to block the Straits of Hormuz as International Sanctions start to bite....today's build was bearish but the sell-off only moved down the February 2012 Crude Future Contract price down about 60 ticks before it found bids again.

Here the figures:
11:00 DOE U.S. Crude Oil Inventories
Estimates: Median -1000k Average -754k Range -4000k to +2500k
Actual: +2209k Prior: +3899k No Revisions

11:00 DOE U.S. Distillate Inventories
Estimates: Median +1000k Average +488k Range -2000k to +2500k
Actual: +3224k Prior: +1205k No Revisions

11:00 DOE U.S. Gasoline Inventories
Estimates: Median +1000k Average +965k Range -2000k to +3000k
Actual: +2479k Prior: -692k No Revisions

11:00 DOE U.S. Refinery Utilization
Estimates: Median 0.50% Average: +0.41% Range: -0.2% to +1.00%
Actual: +0.80% Prior: -0.70% No Revisions

11:00 DOE Cushing OK Crude Inventory
Actual: -613k Prior: -289k No Revisions

11:00 DOE Crude Oil Implied Demand
Actual: 14559 Prior: +14279 No Revisions

11:00 DOE Distillate Implied Demand
Actual: 4600.4 Prior: +4875.9 No Revisions

11:00 DOE Gasoline Implied Demand
Actual: 9078.6 Prior: +9446.3 No Revisions

Here is a 1 minute chart of the price action