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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Latest Release
Jun 20, 2024
Actual
-2.547M
Forecast
-2.800M
Previous
3.730M
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
Jun 26, 2024 10:30     -2.547M
Jun 20, 2024 11:00 -2.547M -2.800M 3.730M
Jun 12, 2024 10:30 3.730M -1.200M 1.233M
Jun 05, 2024 10:30 1.233M -2.100M -4.156M
May 30, 2024 11:00 -4.156M -1.600M 1.825M
May 22, 2024 10:30 1.825M -2.400M -2.508M

News

Analysis

Phil Flynn
The Energy Report: Willing But Able? By Phil Flynn - May 23, 2024 2

The Fed Minutes were a buzz kill for smoking hot commodities after it said that some Fed officials might be willing to raise interest if need be, but the question is whether or not they are able....

Crude Oil Inventories Discussion

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All Comments (145)
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
MD MEHEDI HASAN
MD MEHEDI HASAN Feb 14, 2024 6:17AM ET
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USD is buy or sell
Jan 24, 2024 12:20PM ET
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Crude should be below $55 until the first fed rate reduction.
Jan 24, 2024 12:04PM ET
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-10 million can be considered a rounding error for the week. These weekly inventory numbers are silly. They don't tell us anything. Just a way to influence commodity prices.
Jose Marquez
Jose Marquez Dec 06, 2023 10:43AM ET
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hammered information... these inventories are not real... reserves in ports and ships en route to these ports are the highest ever, they will have to give up oil...
Gary Smith
Gary Smith Aug 02, 2023 10:08AM ET
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I think general economic outlook has been better than expected lately.
 
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