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US Crude Oil Inventories Take Big Hits In Storm Aftermath
Market Intelligence Analysis
AI-Powered
Why This Matters
US crude oil inventories decreased by 11.1 million barrels, a significant drop, while US Strategic Petroleum Reserve (SPR) inventories continue to rise, indicating a potential shift in market dynamics.
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 decreased by 11.1 million barrels in the week ending January 30. Crude oil inventories decreased by 247,000 barrels in the week prior. Inventories in the US Strategic Petroleum Reserve (SPR) keep climbing week after week. The Department of Energy (DoE) reported that crude oil inventories in the SPR rose by 200,000 barrels to 415.2 million barrels in the week ending January 30. This is 310.3 million barrels shy of maximum capacity. US production fell…
Original article published by
OilPrice.com
on February 4, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.