Breaking News

U.S. Crude Oil Inventories

Latest Release

May 22, 2024

Actual

1.825M

Forecast

-2.400M

-2.508M

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
May 30, 2024	11:00		-1.600M	1.825M
May 22, 2024	10:30	1.825M	-2.400M	-2.508M
May 15, 2024	10:30	-2.508M	-0.400M	-1.362M
May 08, 2024	10:30	-1.362M	-1.430M	7.265M
May 01, 2024	10:30	7.265M	-2.300M	-6.368M
Apr 24, 2024	10:30	-6.368M	1.600M	2.735M

News

Oil prices flat as rate, inflation jitters offset big inventory draw By Investing.com - 3 hours ago

Investing.com-- Oil prices steadied in Asian trade on Thursday as optimism over a bigger-than-expected draw in U.S. inventories was offset by caution ahead of key economic data that is likely to...

Oil inventories slump by 6.5M barrels last week: API By Investing.com - 7 hours ago

Investing.com -- U.S. crude stockpiles fell much more than expected last week, the API reported Wednesday, pointing to signs of pick up in energy demand as the summer driving season is...

Oil prices settle lower ahead of fresh crude inventory data By Investing.com - 7 hours ago

Investing.com-- Oil prices settled lower Wednesday, as traders looked ahead to fresh petroleum inventory data for signs of a pick up demand as the U.S. summer season gets underway. At 14:30 ET (18:30...

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Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November. Factors supporting oil prices include optimism over China, a bullish...

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