Signal · Commodities & Input Costs
U.S. Crude Inventories Drop amid Continued SPR Draws
What the source reported
Source-reportedThe American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the week ending August 28. In the week prior, US crude oil inventories rose by 4.2 million barrels. Commercial crude oil inventories excluding the SPR have lost just over 48 million barrels over the last twenty weeks, with US crude inventories up 3.1 million for the year, according to API data, kept in check by draws from the SPR. For week ending August 28, another 3.1 million barrels left the SPR to aid commercial inventories,…
- Publication
- Oilprice.com · Trade Publication
- Published
- 1st September 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 1st September 2026 · 21:44
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (24.0/100). Strongest contributor: Impact-Scale Specificity (7.0/10 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Moderate (45.0/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Extraction Quality (3.0/15 points).
- Strongest contributor
- Impact-Scale Specificity
- Limiting factor
- Likely Event Severity