Continue Reading
Full article on OilPrice.com
API Reports Sizeable Crude Oil Build
Market Intelligence Analysis
AI-Powered
Why This Matters
Crude oil inventories in the US saw a significant build of 6.5 million barrels, indicating a potential oversupply in the market, which may weigh on oil prices.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
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 sizeable build of 6.5 million barrels in the week ending October 31. Crude oil inventories in the United States are so far showing a net gain of 3.6 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 409.6 million barrels in the week ending October 31 as the government…
Original article published by
OilPrice.com
on November 5, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.