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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Latest Release
Oct 30, 2024
Actual
-0.515M
Forecast
1.500M
Previous
5.474M
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 06, 2024 11:30     -0.515M
Oct 30, 2024 10:30 -0.515M 1.500M 5.474M
Oct 23, 2024 10:30 5.474M 0.800M -2.191M
Oct 17, 2024 11:00 -2.191M 1.800M 5.810M
Oct 09, 2024 10:30 5.810M 2.000M 3.889M
Oct 02, 2024 10:30 3.889M -1.500M -4.471M

News

European stocks fall; eurozone CPI in spotlight
European stocks fall; eurozone CPI in spotlight By Investing.com - 8 hours ago 1

Investing.com - European stock markets fell Thursday, as investors digested more corporate quarterly results as well as the latest eurozone inflation release.  At 11:00 ET (15:00 GMT), the DAX index...

Oil prices rise on benign US inflation, inventory draw,
Oil prices rise on benign US inflation, inventory draw, By Investing.com - 10 hours ago

Investing.com -- Oil prices rose Thursday, extending gains from the prior session on the back of benign inflation as well as an unexpected draw in U.S. gasoline inventories, which helped spur some...

European stocks fall;  UK budget increases taxes by £40bn
European stocks fall; UK budget increases taxes by £40bn By Investing.com - Oct 30, 2024 1

Investing.com - European stock markets retreated Wednesday as investors digested more quarterly earnings, regional growth data and the UK budget.  At 11:20 ET (15:20 GMT), the DAX index in Germany...

Analysis

Phil Flynn
The Energy Report: New October High By Phil Flynn - Oct 24, 2024 1

Oil prices hit a new October high price for West Texas Intermediate as record-breaking global oil demand is getting harder to ignore. The Biden/Harris foreign policy is leading to more instability...

Phil Flynn
The Energy Report: The Terror Element By Phil Flynn - Oct 18, 2024 2

Oil prices had a quick dip in Thursday trading after the rumored demise of terrorist Yahya Ibrahim Hassan Sinwar the latest of Hamas to meet his maker. The killing of Sinwar raised hopes for a moment...

Crude Oil Inventories Discussion

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All Comments (151)
Yash Thakare
Yash Thakare Oct 17, 2024 10:49AM ET
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todays inventories should be low crudeoil going to up but according to sources upcoming days crudeoil consolidate at lower price!!
Manish Kshirsagar
Manish Kshirsagar Aug 28, 2024 11:59AM ET
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CRUDOIL ALSO  DEPENDED market price
Gajanan Jagdale
Gajanan Jagdale Aug 28, 2024 1:14AM ET
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WTI prices softened in Asian session on Tuesday, following a 3 per cent rally on Monday, and gaining over 6 per cent in the past five sessions amid renewed geo-political risks and optimism surrounding the US rate cut. WTI crude rose 3.46 per cent to $77.42 on Monday and Brent crude increased 3.05 per cent to $81.43. The spike was driven by Israel's pre-emptive strike on Hezbollah in Lebanon and a 48-hour state of emergency declaration. Additionally, Libya's eastern-based government announced the closure of all oil fields, halting production and exports.
sahadev potphode
sahadev potphode Aug 24, 2024 3:16AM ET
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prices increase
Minwoo Lim
Minwoo Lim Jul 04, 2024 1:26AM ET
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I told you so
Minwoo Lim
Minwoo Lim Jul 03, 2024 7:58AM ET
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going bull today.
NITIN TAMBE
NITIN TAMBE May 09, 2024 3:53AM ET
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Yesterdays Crude inventory is Bullish or Bearish. Any one can explain.
Syed Ahsan
Syed Ahsan Apr 25, 2024 2:47AM ET
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hi yesterday Act inventory is -6.368 & forecast is 1.6 - but Oil prices are the almost same - it should go on higher side - am I right - Please guide.
Syed Ahsan
Syed Ahsan Apr 25, 2024 2:43AM ET
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Jeremias Miaca
Jeremias Miaca Mar 04, 2024 9:18AM ET
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I got question for all the us crude oil is going to be bearish in this week ? or bullish according to the resources forecasted
 
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