U.S. Crude Oil Inventories

USD
Actual
3.730M
Forecast
-1.200M
Previous
1.233M
Latest Release
Jun 12, 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
Jun 12, 2024 16:30 3.730M -1.200M
1.233M
Jun 05, 2024 16:30 1.233M -2.100M
-4.156M
May 30, 2024 17:00 -4.156M -1.600M
1.825M
May 22, 2024 16:30 1.825M -2.400M
-2.508M
May 15, 2024 16:30 -2.508M -0.400M
-1.362M
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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