Energy Preview: US crude oil inventories fall by 2.8 million barrels, API data shows

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a dip of 2.8 million barrels in the week ending January 2. Crude oil inventories rose by 1.7 million barrels in the week prior. Crude oil inventories in the United States dipped by 5.1 million barrels net for 2025. Gasoline inventories saw another large increase this week, gaining 4.4 million barrels in the week ending January 2. In the week prior, gasoline inventories grew by 6.2 million barrels.

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