Breaking News

U.S. API Weekly Crude Stock

Latest Release

May 31, 2023

Actual

5.202M

Forecast

-1.220M

-6.799M

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.

Importance:

Country:

Currency: USD

Source: American Petroleum Institute

Release Date	Time	Actual	Forecast	Previous
Jun 01, 2023	04:30	5.202M	-1.220M	-6.799M
May 24, 2023	04:30	-6.799M	0.525M	3.690M
May 17, 2023	04:30	3.690M	-1.300M	3.618M
May 10, 2023	04:30	3.618M	-1.600M	-3.939M
May 03, 2023	04:30	-3.939M	-1.000M	-6.083M
Apr 26, 2023	04:30	-6.083M	-1.667M	-2.675M

News

U.S. crude stocks up 5.2M barrels last week - API By Investing.com - 6 hours ago

Investing.com -- U.S. crude stockpiles likely rose last week along with inventories of fuel, petroleum industry group API indicated in a report Wednesday that bucked expectations for falls in both as...

Oil hits 4-week low on Chinese manufacturing slide, dollar spike By Investing.com - 8 hours ago

Investing.com -- Oil prices hit four-week lows on Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the...

Crude oil slumps on demand concerns after weak Chinese data By Investing.com - 14 hours ago

Investing.com -- Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year. By...

Analysis

The Commodities Feed: Strong Chinese Activity Data By Warren Patterson - Apr 19, 2023

Chinese GDP data was better than expected, while other Chinese activity data was also strong. The data releases helped to push metal prices higher, however, oil was more rangebound Energy- Strong...

The Commodities Feed: Testimony Weighs on the Complex By ING Economic and Financial Analysis - Mar 08, 2023

Comments from Jerome Powell during his testimony to the Senate Banking Committee were more hawkish than expected, which weighed heavily on the commodities complex, particularly oil Energy: Fed...

The Commodities Feed: Inventory Pressure By Warren Patterson - Feb 16, 2023

Energy - Higher Demand for OPEC Oil Oil prices settled lower yesterday as the market digested the US SPR release announcement, while the YoY US CPI print also came in above expectations, which will...

API Weekly Crude Oil Stock Discussion

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