U.S. Crude Oil Inventories

Latest release date

Jan 23, 2020

Actual

-0.4M

Forecast

-0.1M

Previous

-2.5M


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.

Impact: High

Country: U.S.

Currency: US Dollar

Source: Energy Information Administration


Date Actual Forecast Previous
January 23, 2020 11:00 -0.4M -0.1M -2.5M
January 15, 2020 10:30 -2.5M 0.4M 1.2M
January 8, 2020 10:30 1.2M -3.4M -11.5M
January 3, 2020 11:00 -11.5M -3.1M -5.5M
December 27, 2019 11:00 -5.5M -1.7M -1.1M
December 18, 2019 10:30 -1.1M -1.5M 0.8M
December 11, 2019 10:30 0.8M -2.9M -4.9M
December 4, 2019 10:30 -4.9M -1.6M 1.6M
November 27, 2019 10:30 1.6M -0.5M 1.4M
November 20, 2019 10:30 1.4M 1.4M 2.2M