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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Status

 
Latest Release
Jan 08, 2025
Actual
-0.959M
Forecast
-1.800M
Previous
-1.178M
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.
Importance:
Country:
Currency: USD
Source: U.S. Energy Information Admini...
U.S. Crude Oil Inventories
 
Release Date Time Actual Forecast Previous
Jan 15, 2025 15:30   -3.500M -0.959M
Jan 08, 2025 15:30 -0.959M -1.800M -1.178M
Jan 02, 2025 16:00 -1.178M -2.400M -4.237M
Dec 27, 2024 18:00 -4.237M -0.700M -0.934M
Dec 18, 2024 15:30 -0.934M -1.600M -1.425M
Dec 11, 2024 15:30 -1.425M -1.000M -5.073M

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Crude Oil Inventories Discussion

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All Comments (2)
Kashim Barick
Kashim Barick Oct 29, 2023 0:59
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Inventories appear to have little to no impact on oil price movement. I back tested charts for the past 4 months and the day when the inventories news is released, there is little to no movement in price, in fact, a drop in inventories appears to result in a drop in oil price - go ahead and check the charts to see for yourself
Milos Savic
Milos Savic Jan 17, 2018 9:09
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Are we going to see a record drop of inventories this time around? More than -8M? Any thoughts?
 
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