US API Reports 11.1 Million Barrel Drop in Crude Oil Stocks Against Forecast Increase

1 min read Updated on 04 Feb 2026, 03:17 AM

Reviewed by

Anirudha BScanX News Team

Overview

The American Petroleum Institute reported US crude oil inventories fell by 11.1 million barrels, significantly exceeding expectations of a 0.7 million barrel increase. This substantial drawdown contrasts with the previous period's modest decline of 0.247 million barrels, indicating stronger market dynamics than anticipated.

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

The American Petroleum Institute (API) has reported a significant decline in US crude oil inventories, with stocks dropping by 11.1 million barrels in the latest reporting period. This substantial drawdown represents a notable shift in market dynamics and differs markedly from analyst expectations.

Market Expectations vs Reality

The actual inventory change contrasted sharply with market forecasts, creating a surprise for energy market participants. The data comparison reveals the extent of the unexpected drawdown:

Parameter:	Volume (Million Barrels)
Actual Change:	-11.1
Forecast:	+0.7
Previous Period:	-0.247

Inventory Movement Analysis

The 11.1 million barrel decline represents a significant acceleration from the previous period's modest drawdown of 0.247 million barrels. Market analysts had anticipated a reversal to inventory builds, forecasting an increase of 0.7 million barrels, making the actual result particularly noteworthy.

The substantial difference between the forecast increase and the actual decrease totals an 11.8 million barrel variance from expectations. This gap suggests either stronger than expected demand, reduced supply, or a combination of both factors affecting US crude oil markets.

Market Implications

API inventory data serves as an important indicator of US oil market conditions and often influences crude oil pricing and trading decisions. The unexpected drawdown may signal tighter supply conditions in the domestic market, potentially supporting oil prices in the near term.

US Crude Oil Futures Close Higher at $59.50 Per Barrel, Gaining 0.64%

0 min read Updated on 13 Jan 2026, 01:06 AM

Reviewed by

Shraddha JScanX News Team

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Overview

US crude oil futures settled at $59.50 per barrel, recording a gain of $0.38 or 0.64% in the latest trading session. The positive movement reflects steady momentum in energy markets, with the commodity demonstrating consistent upward movement during trading hours.

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

US crude oil futures closed the trading session on a positive note, with prices settling at $59.50 per barrel. The energy commodity recorded a gain of $0.38, translating to a 0.64% increase from the previous session's close.

Trading Session Performance

The crude oil futures market demonstrated modest upward momentum during the session. The following table summarizes the key trading metrics:

Parameter:	Value
Settlement Price:	$59.50/BBL
Daily Gain:	$0.38
Percentage Change:	+0.64%

Market Movement Analysis

The 0.64% increase represents a steady gain in crude oil futures, with the $0.38 rise bringing the settlement price to $59.50 per barrel. This positive movement indicates continued interest in energy commodities during the trading session.

The settlement at $59.50 per barrel reflects the current market conditions for US crude oil futures, with traders responding to various market factors that influenced the day's trading activity. The modest but consistent gain suggests stable demand dynamics in the energy sector.