Breaking News

U.S. API Weekly Crude Stock

Latest Release

Mar 28, 2023

Actual

-6.076M

Forecast

0.187M

3.262M

The American Petroleum Institute reports inventory levels of US crude oil, petrol and distillate stocks on a weekly basis. The figure shows how much oil and refined products are available in storage. The indicator gives an overview of US petroleum demand.

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: American Petroleum Institute

Release Date	Time	Actual	Forecast	Previous
Apr 30, 2023	22:30			-6.076M
Apr 04, 2023	22:30			-6.076M
Mar 28, 2023	22:30	-6.076M	0.187M	3.262M
Mar 21, 2023	22:30	3.262M	-1.448M	1.155M
Mar 14, 2023	22:30	1.155M	0.555M	-3.835M
Mar 07, 2023	23:30	-3.835M	-0.308M	6.203M

News

Dow futures rise 245 pts; risk sentiment rises as bank worries retreat By Investing.com - Mar 29, 2023

By Peter Nurse Investing.com -- U.S. stocks are seen opening higher Wednesday, as easing concerns about the health of the banking sector and retreating bond yields lifted risk sentiment. At 07:00...

UBS shakeup, chipmaking cheer, SBF bribery charge - what's moving markets By Investing.com - Mar 29, 2023

By Geoffrey Smith Investing.com -- UBS sends for its own private Superman, two big chipmakers see an improvement in their fortunes (as does Lululemon) and stocks are back where they were before the...

European stocks higher; UBS leads banking sector with CEO reappointment By Investing.com - Mar 29, 2023

By Peter Nurse Investing.com - European stock markets traded higher Wednesday, with UBS leading the banking sector higher after the Swiss lender recruited a former boss to lead the Credit Suisse...

Analysis

The Commodities Feed: Testimony Weighs on the Complex By ING Economic and Financial Analysis - Mar 08, 2023

Comments from Jerome Powell during his testimony to the Senate Banking Committee were more hawkish than expected, which weighed heavily on the commodities complex, particularly oil Energy: Fed...

The Commodities Feed: Inventory Pressure By Warren Patterson - Feb 15, 2023

Energy - Higher Demand for OPEC Oil Oil prices settled lower yesterday as the market digested the US SPR release announcement, while the YoY US CPI print also came in above expectations, which will...

The Commodities Feed: Ceyhan Flows Ordered to Restart By Warren Patterson - Feb 08, 2023

The oil market rallied yesterday partly driven by supply concerns related to the halting of operations at the Ceyhan export terminal. However, these worries should subside with Turkey ordering the...

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1D1W1M6M1Y5YMax

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NSE All Share	54,857.96	+444.75	+0.82%
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Nigeria 2Y	10.999	+0.853	+0.00%
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