Signal · Commodities & Input Costs
US Crude Inventories Slide
What the source reported
Source-reportedThe American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.09 million barrels in the week ending Oct 2. In the week prior, US crude oil inventories grew by 1.019 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 38 million barrels over the last 25 weeks, but US crude inventories are up nearly 13 million for the year, according to API data, kept in check in part thanks to draws from the SPR. For the week ending October 2, another 800,000 barrels left the SPR to…
- Publication
- Oilprice.com · Trade Publication
- Published
- 6th October 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
- 6th October 2026 · 21:34
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