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2.2

US crude inventories fall 2.6M barrels; SPR draws continue to support commercial stocks

API data shows US crude inventories fell 2.6 million barrels for the week ending August 28, with continued SPR draws of 3.1 million barrels aiding commercial stocks. The draw is modest and part of an ongoing trend, with no major supply shock or demand signal, but it may support oil prices marginally.

OilPrice.com2 days agoUSengCredibility 65%View source

Score Breakdown

Mosaic Score2.2
Confidence0.9
Significance0.1
Source credibility0.7

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