U.S. Crude Oil Inventories

USD
Actual
-0.431M
Forecast
1.857M
Previous
6.088M
Latest Release
Oct 20, 2021
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
Oct 27, 2021 16:30 - 1.857M
-0.431M
Oct 20, 2021 16:30 -0.431M 1.857M
6.088M
Oct 14, 2021 17:00 6.088M 0.702M
2.346M
Oct 06, 2021 16:30 2.346M -0.418M
4.578M
Sep 29, 2021 16:30 4.578M -1.652M
-3.481M
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  • Bheki Myeni @Bheki Myeni
    Crude, this is the new low, I believe  it will recover soon , China is slowly coming back
    Like 0
  • Bheki Myeni @Bheki Myeni
    Everybody must be devastated about  what is happening in the world , due to Corona Varus , market  is plunging ,we are all NUM!
    Like 0
  • david james @david james
    has this chat ended people dont chat here anymore
    Like 0
  • David James @David James
    still not sure f it s green number does it mean a buy?and if red does it mean sell
    Like 0