US Crude Oil Inventories Fall 3455K Barrels, Exceeding Market Estimates

0 min read Updated on 04 Feb 2026, 09:04 PM

Reviewed by

Radhika SScanX News Team

Overview

US crude oil inventories declined by 3455K barrels, significantly surpassing the estimated decrease of 639K barrels and exceeding the previous week's decline of 2295K barrels. The substantial inventory drawdown indicates continued strong demand dynamics in the US crude oil market.

*this image is generated using AI for illustrative purposes only.

The United States crude oil inventories recorded a significant decline during the latest reporting period, with actual figures showing a decrease that substantially exceeded market forecasts.

Inventory Data Overview

The latest inventory report reveals key metrics that highlight the current state of US crude oil stocks:

Metric	Value
Actual Decline	3455K barrels
Market Estimate	639K barrels decline
Previous Week	2295K barrels decline

Market Performance Analysis

The actual inventory decline of 3455K barrels represents a substantial deviation from market expectations. Analysts had projected a more modest decrease of 639K barrels, making the actual figure significantly higher than anticipated.

Weekly Comparison

Comparing the current week's performance to the previous period shows an acceleration in inventory drawdowns. The previous week had recorded a decline of 2295K barrels, while the current period saw an even larger decrease of 3455K barrels.

This data provides insight into the ongoing dynamics of US crude oil supply and demand patterns, with inventory levels continuing to show notable weekly declines that exceed market projections.

U.S. Crude Oil Futures Drop 4.7% to Close at $62.14 Per Barrel

0 min read Updated on 03 Feb 2026, 01:03 AM

Reviewed by

Radhika SScanX News Team

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Overview

U.S. crude oil futures settled at $62.14 per barrel, declining by $3.07 or 4.7% from the previous trading session. This significant drop reflects bearish sentiment in energy markets and establishes a new reference point for crude oil pricing. The substantial movement highlights ongoing volatility in the energy commodity sector.

*this image is generated using AI for illustrative purposes only.

U.S. crude oil futures experienced a significant decline during the latest trading session, closing at $62.14 per barrel. The settlement price represents a substantial drop of $3.07 from the previous session, marking a 4.7% decrease that highlights notable volatility in energy markets.

Market Performance Overview

The crude oil futures market demonstrated bearish sentiment as prices retreated from higher levels. The following table summarizes the key trading metrics:

Parameter:	Value
Settlement Price:	$62.14/BBL
Price Decline:	$3.07
Percentage Change:	-4.7%

Trading Session Impact

The 4.7% decline represents a meaningful movement in crude oil pricing, with the $3.07 drop bringing the settlement to $62.14 per barrel. This price action reflects the current dynamics affecting energy commodity markets and trader sentiment toward crude oil futures.

The settlement at $62.14 per barrel establishes a new reference point for market participants as they assess energy sector developments. The magnitude of the decline, both in absolute dollar terms and percentage change, indicates significant trading activity during the session.