US EIA Cushing Crude Oil Stocks Change (Jan/30) -0.743 (Prev. -0.278)

The EIA's report shows a significant decline in Cushing crude oil stocks, dropping by 0.743 million barrels compared to the previous decrease of 0.278 million.

Newsquawk StaffPublished 4 Feb 2026, 15:50 UTCOn the live feed at 15:30 UTC — 5 more headlines followed before this page went public

Newsquawk headlinesUTC

15:38

Trump on China: "Just completed an excellent telephone conversation with President Xi, of China. It was a long and thorough call, where many important subjects were discussed, including Trade, Military, the April trip that I will be making to China"

15:31

UBS (UBSG SW) exec says they expect Q1 expectations to remain on track and personal and corporate banking to remain broadly stable in USD terms

15:30

US EIA Cushing Crude Oil Stocks Change (Jan/30) -0.743 (Prev. -0.278)

15:28

AbbVie (ABBV) exec says that they have plenty of firepower to pursue both early and late stage M&A opportunities

15:24

US Treasury Secretary Bessent says they must avoid temptation of a zero-risk financial system

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Context

This larger-than-expected drop suggests tightening supply dynamics, which could support higher oil prices, particularly for WTI and Brent. Market participants may react by adjusting their positions in crude futures and related commodities as they reassess supply fundamentals.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/2 Sept · 18:19 UTC

US President Trump says renewed campaign against Iran will not continue for too long; oil prices will come down.

Brent (V6), after we published−0.8%

ENERGY/2 Sept · 11:13 UTC

Saudi Foreign Ministry says it has urged all parties to remain calm, halt escalations and respect international law and return to negotiations

WTI crude, after we published−0.6%

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