FX.co ★ US Crude Oil Inventories Unexpectedly Drop

According to data released by the American Petroleum Institute, U.S. crude oil inventories experienced a decline of 4.236 million barrels for the week ending May 23, 2025. This unexpected decrease comes after a build of 2.499 million barrels the week before and goes against market forecasts, which had anticipated a rise of 1 million barrels.