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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Latest Release
Apr 24, 2024
Actual
-6.368M
Forecast
1.600M
Previous
2.735M
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
May 01, 2024 10:30     -6.368M
Apr 24, 2024 10:30 -6.368M 1.600M 2.735M
Apr 17, 2024 10:30 2.735M 1.600M 5.841M
Apr 10, 2024 10:30 5.841M 0.900M 3.210M
Apr 03, 2024 10:30 3.210M -0.300M 3.165M
Mar 27, 2024 10:30 3.165M -0.700M -1.952M

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Crude Oil Inventories Discussion

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All Comments (144)
Syed Ahsan
Syed Ahsan 17 hours ago
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hi yesterday Act inventory is -6.368 & forecast is 1.6 - but Oil prices are the almost same - it should go on higher side - am I right - Please guide.
Syed Ahsan
Syed Ahsan 17 hours ago
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Jeremias Miaca
Jeremias Miaca Mar 04, 2024 9:18AM ET
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I got question for all the us crude oil is going to be bearish in this week ? or bullish according to the resources forecasted
Karan Singla
Karan Singla Feb 28, 2024 10:41AM ET
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sell crude
Usmonbek Saparov
Usmonbek Saparov Feb 28, 2024 10:41AM ET
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Too early
MD MEHEDI HASAN
MD MEHEDI HASAN Feb 14, 2024 6:17AM ET
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USD is buy or sell
Jan 24, 2024 12:20PM ET
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Crude should be below $55 until the first fed rate reduction.
Jan 24, 2024 12:04PM ET
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-10 million can be considered a rounding error for the week. These weekly inventory numbers are silly. They don't tell us anything. Just a way to influence commodity prices.
Jose Marquez
Jose Marquez Dec 06, 2023 10:43AM ET
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hammered information... these inventories are not real... reserves in ports and ships en route to these ports are the highest ever, they will have to give up oil...
Gary Smith
Gary Smith Aug 02, 2023 10:08AM ET
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I think general economic outlook has been better than expected lately.
Hakimov Yoqib
Hakimov Yoqib Aug 02, 2023 6:06AM ET
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XAUUSD is buy or sell
Hassan Ikram
Hassan Ikram Aug 02, 2023 6:06AM ET
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sell
Abduvosid Odilov
Abduvosid Odilov Aug 02, 2023 6:06AM ET
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flet
 
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