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Oil Prices Continue to Rise As US Crude Oil Inventories Drop
Market Intelligence Analysis
AI-Powered
Why This Matters
US crude oil inventories dropped by 2.3 million barrels, pushing prices higher as stockpiles are now 3% below the five-year average.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
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.
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 423.8 million barrels according to government data, which is 3% 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 fell by 247,000 barrels. Crude prices were trading…
Original article published by
OilPrice.com
on January 28, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.