US Private Inventory Data (bbls): Crude -11.1mln (exp. +0.5mln), Distillates -4.8mln (exp. -2.3mln), Gasoline +4.7mln (+1.4mln), Cushing -1.4mln

Today's private inventory data for US crude stocks indicated a substantial draw of 11.1 million barrels, contrasting sharply with expectations of a modest increase.

Newsquawk StaffPublished 3 Feb 2026, 21:55 UTCOn the live feed at 21:35 UTC — 8 more headlines followed before this page went public

Newsquawk headlinesUTC

21:44

US President Trump says we are still negotiating with Iran and that there is more than one meeting with Iran

21:43

US President Trump signs a bill to end a partial government shutdown, as expected

21:35

US Private Inventory Data (bbls): Crude -11.1mln (exp. +0.5mln), Distillates -4.8mln (exp. -2.3mln), Gasoline +4.7mln (+1.4mln), Cushing -1.4mln

21:30

Corteva Inc (CTVA) Q4 2025 (USD): EPS 0.22 (exp. 0.22), Revenue 3.91bln (exp. 4.24bln)

21:29

AWS (AMZN) CEO Garman says ‘pretty far’ from what is needed for space-based data centers - Cisco AI Summit

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Context

This significant decrease could hint at tightening supply conditions, which may support higher crude prices, while the mixed results in distillates and gasoline suggest varying demand dynamics in these segments.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 19:50 UTC

Iran launched an attack against US Navy ships on Monday that the US military has yet to acknowledge, WSJ reports, citing US officials.

Brent crude, after we published+0.8%

Immediate upside seen in oil following these reports.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

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/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%

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