Signal · Geopolitical Risk
US oil inventories rise 1.7M barrels last week: API
What the source reported
Source-reported<p ><img src="https://argaamplus.s3.amazonaws.com/55014fc5-2f6d-416d-84b0-358aa23df612.png" ></p> <p class="ckeCaption" >Inventories of refined products declined</p> <hr> <p >US commercial crude oil inventories increased during the week ended Sept. 18, according to estimates by the American Petroleum Institute (API).</p> <p ><br> Meanwhile, inventories of refined products declined.</p> <p ></p> <p >In a report issued today, Sept. 23, the institute said crude oil inventories rose by 1.7 million barrels over the past week.</p> <p ></p> <p >Gasoline inventories fell by 2.16 million barrels over the same period, while distillate inventories, including diesel and heating oil, also declined by 2.16 million barrels.</p> <p ></p> <p >Investors awaited the release of official data from the Energy Information Administration (EIA) on Sept. 24. Forecasts anticipate a 600,000-barrel decline in crude oil inventories.</p> <p ></p> <p >At close of Sept. 22 session, November Brent crude futures fell 1.1% to $99.25 per barrel.</p> <p ></p> <p >October US Nymex crude futures declined 1.24% to $94.59 per barrel.</p>
- Publication
- Argaam - Main News · Trade Publication
- Published
- 23rd September 2026
- Original report
- argaam.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
- Geopolitical Risk
- Geography
- Saudi Arabia
- Organisations
- None identified
- Collected
- 23rd September 2026 · 16:43
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 (22.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Likely Event Severity