FX.co ★ US Crude Oil Inventories Fall More than Expected: EIA

In the week ending January 30, 2026, U.S. crude oil inventories decreased by 3.455 million barrels, marking the largest decline since October, and surpassing market predictions of a 2 million-barrel reduction. Inventories at the Cushing, Oklahoma delivery hub also saw a reduction, dropping by 743 thousand barrels. Meanwhile, distillate inventories, comprising diesel and heating oil, experienced their most significant drop since 2021, plummeting by 5.553 million barrels. Conversely, gasoline inventories increased by 685 thousand barrels during the same period.