Breaking News

U.S. Crude Oil Inventories

Latest Release

Dec 18, 2024

Actual

-0.934M

Forecast

-1.600M

-1.425M

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...

Release Date	Time	Actual	Forecast	Previous
Dec 18, 2024	15:30	-0.934M	-1.600M	-1.425M
Dec 11, 2024	15:30	-1.425M	-1.000M	-5.073M
Dec 04, 2024	15:30	-5.073M	-1.600M	-1.844M
Nov 27, 2024	15:30	-1.844M	-1.300M	0.545M
Nov 20, 2024	15:30	0.545M	0.400M	2.089M
Nov 14, 2024	16:00	2.089M	0.400M	2.149M

News

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All Comments (2)

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

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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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