US Crude Oil Inventories Sag In First Count of the Year

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US crude oil inventories decreased by 2.8 million barrels in the first week of 2026, marking a decline from the previous week's increase. This drop in inventories suggests a tightening of supply, which could positively impact oil prices. The year-to-date net decline in inventories is 5.1 million barrels.

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The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a dip of 2.8 million barrels in the week ending January 2. Crude oil inventories rose by 1.7 million barrels in the week prior. Crude oil inventories in the United States dipped by 5.1 million barrels net for 2025, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 300,000 barrels to 413.5 million barrels in the…

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المقال الأصلي منشور بواسطة OilPrice.com في يناير 7, 2026.
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