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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Latest Release
Nov 22, 2023
Actual
8.701M
Forecast
1.160M
Previous
3.592M
The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Importance:
Country:
Currency: USD
Source: Energy Information Administrat...
U.S. Crude Oil Inventories
 
Release Date Time Actual Forecast Previous
Nov 29, 2023 15:30     8.701M
Nov 22, 2023 15:30 8.701M 1.160M 3.592M
Nov 15, 2023 15:30 3.600M 1.793M 13.869M
Nov 15, 2023 15:29 13.869M   0.774M
Nov 01, 2023 14:30 0.774M 1.261M 1.371M
Oct 25, 2023 14:30 1.371M 0.239M -4.491M

News

Crude oil settles lower ahead of OPEC+ meeting
Crude oil settles lower ahead of OPEC+ meeting By Investing.com - 20 hours ago

Investing.com -- Oil prices settled lower Monday as traders looked ahead to a virtual OPEC+ meeting this week that will set the trajectory of oil output into next year. By 14:30 ET (19:30 GMT), the...

Analysis

Crude Oil Inventories Discussion

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All Comments (2)
Kashim Barick
Kashim Barick Oct 29, 2023 0:59
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Inventories appear to have little to no impact on oil price movement. I back tested charts for the past 4 months and the day when the inventories news is released, there is little to no movement in price, in fact, a drop in inventories appears to result in a drop in oil price - go ahead and check the charts to see for yourself
Milos Savic
Milos Savic Jan 17, 2018 9:09
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Are we going to see a record drop of inventories this time around? More than -8M? Any thoughts?
 
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