The drop was much more than what was expected - 6.06 million barrels.
The value was significantly larger than the number predicted by the API, the American Petroleum Institute, just a day earlier on December 29; the predicted drop was 4.8 million barrels.
There is more encouraging news on the crude oil front: the exports grew by 3.6 million barrels a day, especially to Asia, buckling the previous trend that used to be associated with the pandemic.
More interactive charts that matter in when it comes to determining the oil price are here:
