FX.co ★ US Crude Inventories Post Surprise Draw

During the week ending January 2, 2025, U.S. crude oil inventories experienced a decline of 2.8 million barrels. This decrease reversed the previous week's increase of 1.7 million barrels, effectively breaking a two-week trend of growing inventories. The outcome defied market expectations, which had anticipated an increase of 1.2 million barrels.