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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Delivery Method

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Status

 
Latest Release
Jul 28, 2021
Actual
-4.089M
Forecast
-2.928M
Previous
2.108M
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
Aug 04, 2021 16:30   -2.900M -4.089M
Jul 28, 2021 16:30 -4.089M -2.928M 2.108M
Jul 21, 2021 16:30 2.108M -4.466M -7.897M
Jul 14, 2021 16:30 -7.897M -4.359M -6.866M
Jul 08, 2021 17:00 -6.866M -4.033M -6.718M
Jun 30, 2021 16:30 -6.718M -4.686M -7.614M

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Analysis

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Crude Oil Inventories Discussion

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