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Crude Oil Inventories Continue To Fall: EIA
Market Intelligence Analysis
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Why This Matters
US crude oil inventories decreased by 3.5 million barrels, exceeding expectations, and are now 4% below the five-year average, indicating a tightening market.
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.
Crude oil inventories in the United States decreased by 3.5 million barrels during the week ending January 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 420.3 million barrels according to government data, which is 4% below the five-year average for this time of year. Analysts had expected a 2 million barrel drop in inventory. The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil…
Original article published by
OilPrice.com
on February 4, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.