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US Crude Oil Inventories Sag In First Count of the Year
Market Intelligence Analysis
AI-Powered
Why This Matters
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.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term
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 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…
Original article published by
OilPrice.com
on January 7, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.