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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Latest Release
Nov 14, 2024
Actual
2.089M
Forecast
0.400M
Previous
2.149M
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: Energy Information Administrat...
U.S. Crude Oil Inventories
 
Release Date Time Actual Forecast Previous
Nov 15, 2024 00:00 2.089M 0.400M 2.149M
Nov 06, 2024 23:30 2.149M 0.300M -0.515M
Oct 30, 2024 22:30 -0.515M 1.500M 5.474M
Oct 23, 2024 22:30 5.474M 0.800M -2.191M
Oct 17, 2024 23:00 -2.191M 1.800M 5.810M
Oct 09, 2024 22:30 5.810M 2.000M 3.889M

News

European stocks rise; eurozone GDP rose in Q3
European stocks rise; eurozone GDP rose in Q3 By Investing.com - 11 hours ago

Investing.com - European stock markets rose Thursday, with investors digesting a deluge of corporate earnings as well as regional growth and employment data.  At 10:05 ET (15:05 GMT), the DAX index in...

Oil prices prices rise after IEA report; EIA data due
Oil prices prices rise after IEA report; EIA data due By Investing.com - 12 hours ago

Investing.com-- Oil prices rose Thursday, rebounding after declines earlier in the week due to a stronger US dollar, while traders digest the latest monthly report from the International Energy...

Analysis

Crude Oil Inventories Discussion

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