FX.co ★ US Crude Oil Inventories Fall More than Expectations

Crude oil inventories in the United States decreased by 4.49 million barrels for the week ending May 2, 2025, as reported by the American Petroleum Institute. This decline countered the previous week's increase of 3.76 million barrels, which had been the largest in four weeks and notably exceeded market predictions of a 2.5 million-barrel drop.