U.S. API Weekly Crude Stock

USD
Actual
2.480M
Previous
-3.104M
Latest Release
May 21, 2024
Importance
Overview
The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand.

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
May 21, 2024 22:30 2.480M -
-3.104M
May 14, 2024 22:30 -3.104M -1.350M
0.509M
May 07, 2024 22:30 0.509M -1.430M
4.906M
Apr 30, 2024 22:30 4.906M -1.500M
-3.230M
Apr 23, 2024 22:30 -3.230M 1.800M
4.090M
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  • Wandile Tunzi @Wandile Tunzi
    what ar the odds on oil
    Like 0