U.S. Crude Oil Inventories

USD
Actual
-4.870M
Forecast
-0.900M
Previous
-3.443M
Latest Release
Jul 17, 2024
Importance
Overview
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.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Jul 24, 2024 20:00 - 0.700M
-4.870M
Jul 17, 2024 20:00 -4.870M -0.900M
-3.443M
Jul 10, 2024 20:00 -3.443M 0.700M
-12.157M
Jul 03, 2024 20:00 -12.157M -0.400M
3.591M
Jun 26, 2024 20:00 3.591M -2.600M
-2.547M
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EIA Crude Oil Inventories News & Analysis
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  • Pravin giri @Pravin giri
    What will be next in crude oil trading short covering or not.
    Like 0
  • Pro Trader @Pro Trader
    Crude oil has long term support at 4900 and 5300 hope it will bounce back from that level
    Like 2
  • Atul Na @Atul Na
    Still No short covering in Natural gas and crude oil.
    Like 0
  • Atul Na @Atul Na
    Understanding Market efficiency is important while analysing data Lets assume inventory data is strong positive but crude prices are already corrected as traders are assuming or forecasting strong positive data in that case on inventory day price will not impact even if there is strong positive data
    Like 3

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