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	16:30	-0.934M	-1.600M	-1.425M
Dec 11, 2024	16:30	-1.425M	-1.000M	-5.073M
Dec 04, 2024	16:30	-5.073M	-1.600M	-1.844M
Nov 27, 2024	16:30	-1.844M	-1.300M	0.545M
Nov 20, 2024	16:30	0.545M	0.400M	2.089M
Nov 14, 2024	17:00	2.089M	0.400M	2.149M

News

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Analysis

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