U.S. Crude Oil Inventories

USD
Actual
1.117M
Forecast
-1.565M
Previous
1.550M
Latest Release
Mar 22, 2023
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
Mar 29, 2023 20:00 - 0.092M
1.117M
Mar 22, 2023 20:00 1.117M -1.565M
1.550M
Mar 15, 2023 20:00 1.550M 1.188M
-1.694M
Mar 08, 2023 21:00 -1.694M 0.395M
1.165M
Mar 01, 2023 21:00 1.165M 0.457M
7.648M
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EIA Crude Oil Inventories News & Analysis
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  • BNR NAMAKKAL @BNR NAMAKKAL
    HOW TO UNDERSTAND THIS INVENTORY
    Like 13
    • Hemant Raichurkar @Hemant Raichurkar
      @BNR NAMAKKAL If crude oil inventories increase weekly, it indicates that demand for oil is falling short of supply. If the oil inventories data shows a decline in oil inventories, it indicates that demand is surpassing supply.
      Like 8
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      100
  • Rahul Balot @Rahul Balot
    Inventory data late show
    Like 4
  • Arun Muthuvijayan @Arun Muthuvijayan
    Simple: Green = Bullish & Red = Bearish for Crude price.
    Like 15
  • thiru mal @thiru mal
    how to understand this date
    Like 1

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