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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 02, 2024
Actual
3.889M
Forecast
-1.500M
Previous
-4.471M
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 09, 2024 10:30     3.889M
Oct 02, 2024 10:30 3.889M -1.500M -4.471M
Sep 25, 2024 10:30 -4.471M -1.300M -1.630M
Sep 18, 2024 10:30 -1.630M -0.200M 0.833M
Sep 11, 2024 10:30 0.833M 0.900M -6.873M
Sep 05, 2024 11:00 -6.873M -0.600M -0.846M

News

Analysis

Phil Flynn
The Energy Report: Unnamed OPEC Sources By Phil Flynn - Sep 26, 2024 4

Oil prices are plummeting as unnamed OPEC sources say that t Saudi Arabia is “abandoning” the $100 price target that they really had in the first place. The sources also say that OPEC will go ahead...

Crude Oil Inventories Discussion

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All Comments (150)
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
Karan Singla
Karan Singla Feb 28, 2024 10:41AM ET
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sell crude
Usmonbek Saparov
Usmonbek Saparov Feb 28, 2024 10:41AM ET
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Too early
 
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