Saudi Arabia Cut Output by 718,000 Barrels a Day in Jan.

The video discusses OPEC's significant production cuts and the market's muted reaction, despite expectations. Analysts provide explanations for the lack of enthusiasm, including skepticism about OPEC's self-reported numbers and the impact of US shale production. The video also covers US oil inventory levels and market trends, highlighting the tension between short-term data and long-term trends.

What factors are contributing to the current state of US oil inventories?

What are the analysts' views on the reliability of weekly figures for US oil inventories?