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U.S. Crude Oil Inventories

 
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U.S. Crude Oil Inventories

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Latest Release
Sep 28, 2016
Actual
-1.882M
Forecast
2.995M
Previous
-6.200M
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
Oct 05, 2016 10:30     -1.882M
Sep 28, 2016 10:30 -1.882M 2.995M -6.200M
Sep 21, 2016 10:30 -6.200M 3.350M -0.559M
Sep 14, 2016 10:30 -0.559M 3.800M -14.513M
Sep 08, 2016 11:00 -14.513M 0.225M 2.276M
Aug 31, 2016 10:30 2.276M 0.921M 2.501M

News

text
Oil prices slip as euphoria over OPEC deal fades By Investing.com - 11 hours ago

Investing.com - Oil prices retreated during North American hours on Thursday, after surging by as much as 6% a day earlier, as the initial euphoria over a preliminary agreement on oil output faded ...

text
Oil prices turn lower amid doubts over OPEC deal By Investing.com - 17 hours ago

Investing.com - Oil prices turned lower during European hours on Thursday, after surging by as much as 6% a day earlier, after OPEC members agreed to cut oil output in the first such deal since 2008. ...

Analysis

Mike Paulenoff
Oil Buoyant Despite OPEC Fiasco By Mike Paulenoff - Sep 28, 2016 2

Looks like the OPEC Meeting in Algiers represents another missed opportunity for oil producers to show the world that they can act with discipline. After Wednesday morning's knee-jerk, upside reaction...

Dan Flynn
Bullish API Data Ahead Of Algiers Meeting By Dan Flynn - Sep 28, 2016

Good Morning, Talking Heads Talk, but no agreement reached? Not so fast. Khalid al-Falih Saudi Arabia’s oil minister was quoted that a deal may not be reached until the November 30 OPEC meeting....

Crude Oil Inventories Discussion

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All Comments (94)
Will Kennedy
Will Kennedy Sep 21, 2016 7:53AM GMT
so if it's green usd will go down then? sorry noob here :P
FX Brainiac
FX Brainiac Jul 07, 2016 3:12PM GMT
Who is this irresponsible person who added data incorrectly?.Clearly not good in simple maths!.(investing.com) Be professional! This is not the first time!!!!!!!
DMCC praveen
DMCC praveen Jun 22, 2016 1:49PM GMT
buy crude
dave budd
dave budd Jun 15, 2016 3:40PM GMT
Inventories creeping up again. How many tankers are left to fill. Once the excess is released onto the market I expect inventories to spike up later this summer.
Pieter Nienaber
Pieter Nienaber May 11, 2016 1:00PM GMT
oil price up/down?
Steve Myers
Steve Myers May 04, 2016 2:33PM GMT
Same song and dance - domestic production continues to decrease while imports continue to increase.
Manuel Nin
Manuel Nin Apr 27, 2016 2:43PM GMT
Has someone a group in whatsapp?
Manuel Nin
Manuel Nin Apr 27, 2016 2:38PM GMT
I have lost $100. I put a Call at $46.3
Aritz Goiriena Altonaga
Aritz Goiriena Altonaga Apr 18, 2016 2:44PM GMT
where can i have find the oficial site?
bill garrett
bill garrett Apr 13, 2016 12:10PM GMT
For those who have trouble with the colors: Green means the actual is at or less than the forecast. Red means the actual is above the forecast. In simple terms green tends to push oil prices higher, red tends to pull them lower.
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