Breaking News

U.S. Gasoline Inventories

Latest Release

Dec 06, 2023

Actual

5.421M

Forecast

1.027M

1.764M

Petrol Inventories measures the change in the number of barrels of commercial petrol held in inventory by commercial firms during the reported week. The data influences the price of petrol products which affects inflation.

The data has no consistent effect, as there are both inflationary and growth implications.

Importance:

Country:

Currency: USD

Source: US Energy Information Administ...

Release Date	Time	Actual	Forecast	Previous
Dec 13, 2023	16:30			5.421M
Dec 06, 2023	16:30	5.421M	1.027M	1.764M
Nov 29, 2023	16:30	1.764M	0.229M	0.749M
Nov 22, 2023	16:30	0.749M	-0.150M	-1.540M
Nov 15, 2023	16:30	-1.500M	0.622M	-6.300M
Nov 15, 2023	16:29	-6.300M		0.065M

News

Oil prices settle higher after supply disruptions; OPEC+ meeting eyed By Investing.com - Nov 29, 2023

Investing.com-- Oil prices rose sharply Wednesday, shrugging off unexpected increase in U.S crude stockpiles amid further supply disruptions just a day ahead of an OPEC+ meeting to decide on future...

Oil prices deepen losses as OPEC+ delay brews uncertainty By Investing.com - Nov 23, 2023

Investing.com-- Oil prices extended recent losses into Asian trade on Thursday as unexpected delay in an upcoming OPEC+ meeting spurred uncertainty over just how much further the producer group...

Oil prices cut losses but settle lower on US stockpile build, OPEC+ meeting delay By Investing.com - Nov 22, 2023

Investing.com -- Oil prices settled lower Wednesday despite fighting back against a wave selling pressure following a much larger than expected increase in weekly U.S. crude stockpiles and easing...

Analysis

Oil Bulls Seek $90 Brent as US Summer Nears Exhaustion By Barani Krishnan - Sep 05, 2023

Oil prices are nearing the $90 mark, with strong momentum suggesting a potential push to break this threshold. Despite the approaching fall season, Saudi Arabia, Russia, and OPEC are cutting...

Commodities Week Ahead: After July, OPEC Will Fight to Keep Oil Up By Barani Krishnan - Jul 31, 2023

Keeping the oil rally going will be OPEC’s challenge as Fed warily watches inflation Fed will likely go back to aggressive rate hikes if inflation spikes from pricier oil Higher inflation could...

You Can’t Have an Oil Rally and Low Inflation, Too By Barani Krishnan - Jul 28, 2023

July’s double-digit rally in oil could continue, fundamental and charts show Yet, threat of inflation grows as a barrel of crude, gasoline get costlier Fed likely to fight back with higher rates,...

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