Continue Reading
Full article on OilPrice.com
US Crude Oil Inventories Dip Ahead of Thanksgiving Holiday
Market Intelligence Analysis
AI-Powered
Why This Matters
US crude oil inventories decreased by 1.9 million barrels in the week ending November 21, marking a reversal from the previous week's 4.4 million barrel gain, according to the American Petroleum Institute (API). This development may have a positive impact on oil prices ahead of the Thanksgiving holiday. The year-to-date net gain of 7.4 million barrels remains a concern for oil bulls.
Market Impact
Market impact analysis based on bullish sentiment with 78% confidence.
Sentiment
Bullish
AI Confidence
78%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a draw of 1.9 million barrels in the week ending November 21. Crude oil inventories gained 4.4 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net gain of 7.4 million barrels for the year, 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 500,000 barrels to 411.4…
Original article published by
OilPrice.com
on November 26, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.