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EIA Reports Surprise Crude Oil Inventory Dip
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Why This Matters
The EIA reported a surprise 3.4 million barrel decrease in US crude oil inventories, bringing stockpiles to 424.2 million barrels, 5% below the five-year average.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
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Bullish
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Article Context
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Crude oil inventories in the United States decreased by 3.4 million barrels during the week ending November 14, after gaining 6.4 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 424.2 million barrels according to government data, which is 5% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil inventories…
Original article published by
OilPrice.com
on November 19, 2025.
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