US oil inventories rise as exports fall
US crude oil inventories, excluding strategic petroleum reserves, experienced a surprise increase last week—the largest since January 2023—amidst exports dropping to their lowest level since November 2025, at 3.06 million barrels per day. Inventories rose by 17.4 million barrels to a total of 424.4 million barrels, while imports increased to their highest level since June 2025, reaching 1.77 million barrels per day. This temporarily caused oil prices to decline, but the market remains watchful of developments in the Middle East and their potential impact on supplies.
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