Crude Inventories Continue to Draw as Product Inventories Soar ...Middle East

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Crude Inventories Continue to Draw as Product Inventories Soar
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The American Petroleum Institute (API) estimated that crude oil inventories in the United fell by 2.6 million barrels for the week ending January 10. Analysts had expected a noteworthy 3.5-million-barrel draw. For the week prior, the API reported a draw of 4.022-million-barrel in U.S. crude oil inventories in the midst of build season, while product inventories saw a hefty build. In 2024, crude oil inventories dropped by more than 12 million barrels, according to the API’s inventory data. In the first few weeks of 2025, crude inventories…

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