EIA Crude Oil Product inventories decreased by 1.178 million barrels month-on-month, a decrease lower than market expectations.

In the USA, commercial Crude Oil Product inventories excluding the Strategic Reserve decreased by 1.178 million barrels to 0.416 billion barrels, the lowest level since the week of September 20, 2024, with a decline of 0.28%.

Golden10 Data00:04

USA's Crude Oil Product inventories continue to decrease, and oil prices are expected to rise for two consecutive weeks.

Due to the decrease in USA Crude Oil Product inventories, prices have increased. Oil prices have broken through the narrow Trade Range they had been in for several months, surpassing a key technical threshold.

Zhitong Finance10:40

Crude Oil Product inventories continue to decline, and oil prices have welcomed a three-time increase at the end of the year.

This week (12.26-1.1), Crude Oil Product has shown an upward trend with fluctuations. The average price of WTI this week is $70.73 per barrel, an increase of $1.05 per barrel, or 1.51%, compared to the previous week.

CME Group10:21

Oil Prices Inch Higher on China Stimulus Hopes; Set for 2nd Straight Weekly Gain

Investing.com 09:30

Weekly Crude Inventories Fall Less Than Expected

MT Newswires04:14

U.S. Crude Oil Stockpiles Fall Less Than Expected

WSJ00:24