US Crude Inventories Drop Counter to Estimates

US crude oil inventories surged by 13.4 million barrels in the week ended February 6th, 2025, reversing a 11.1 million-barrel draw in the prior week, to mark the sharpest increase since January 2023.

US crude oil inventories plunged by 11.1 million barrels in the week ended January 30th, 2025, extending a 0.25 million-barrel draw in the prior week. The decrease sharply contrasted with expectations for a 0.7 million barrel build to mark the sharpest decline since August 2023

US crude oil inventories fell by 0.25 million barrels in the week ended January 23rd, 2025, reversing a 3.04 million-barrel build in the prior week. The decrease sharply contrasted with expectations for a 1.45 million barrel build