U.S. Crude Oil Inventories Drop 1.934 Million Barrels, Largest Decline Since November
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2025
0mins
Source: Benzinga
- Significant Inventory Decline: U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 1.934 million barrels for the week ending December 26, marking the largest weekly decline since mid-November and surpassing market expectations of a 0.9 million-barrel drop, indicating a potential rebound in demand that could support oil prices.
- Jobless Claims Decrease: Initial jobless claims in the U.S. dropped by 16,000 to 199,000 for the week ending December 27, compared to market estimates of 220,000, reflecting a robust labor market that may positively impact economic recovery.
- Market Volatility: The Dow Jones index fell over 100 points on Wednesday, down 0.28%, indicating cautious market sentiment in response to economic data, although the relatively small declines in real estate and utilities sectors suggest some investor confidence remains in certain industries.
- International Market Dynamics: Asian markets closed mixed, with Hong Kong's Hang Seng Index down 0.87% while China's Shanghai Composite gained 0.09%, reflecting the impact of global economic uncertainties on market sentiment, which may lead investors to adopt more conservative strategies in the future.
Analyst Views on ANGH
About ANGH
Anghami Inc is a United Arab Emirates based company that provides digital music entertainment technology platform in the Middle East and North Africa (MENA). The Company has catalog comprising more than 72 million songs and licensed content from Arabic labels, independent artists, and distributors, available for more than 75 million users. The Company also features music from the international labels such as Universal, Sony and Warner. The Company's services are available in English, Arabic and French. It has offices in Beirut, Dubai, Cairo and Riyadh and operates in 16 countries across MENA.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
