Breaking News

U.S. API Weekly Crude Stock

Latest Release

Mar 21, 2023

Actual

3.262M

Forecast

-1.448M

1.155M

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
Mar 28, 2023	21:30		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
Feb 28, 2023	23:30	6.203M	0.440M	9.895M
Feb 22, 2023	23:30	9.895M	1.233M	10.507M

News

Oil up again as 'no news is good news'; U.S. inventory data awaited By Investing.com - 49 minutes ago

By Barani Krishnan Investing.com -- There’s no new shoe dropping on the banking sector…at least for now — and that’s good news for risk assets, at least oil. Crude prices rose for a second day in a...

Crude oil lower; Uncertainties remain despite easing bank tensions By Investing.com - 5 hours ago

By Peter Nurse Investing.com -- Oil prices edged lower Tuesday, handing back some of the previous session’s substantial gains as supply disruptions in Turkey added to a degree of stability in the...

CFTC hits Binance, Micron earnings, Netanyahu backs down - what's moving markets By Investing.com - 8 hours ago

By Geoffrey Smith Investing.com -- Bitcoin wobbles after U.S. regulators clamp down on Binance. House price and consumer confidence data are due, Walgreens and Micron report earnings and oil extend...

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

NSE 30	1,909.58	-9.48	-0.49%
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Germany 10Y	2.2845	+0.0005	+0.02%
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Access Bank	10.00	+0.00	+0.00%
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