U.S. Crude Oil Inventories

Latest release date

Oct 13, 2021

Actual

6.1M

Forecast

1.1M

Previous

2.3M


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: Medium

Country: U.S.

Currency: US Dollar

Source: Energy Information Administration


Date Actual Forecast Previous
October 13, 2021 22:00 6.1M 1.1M 2.3M
October 5, 2021 21:30 2.3M 0.8M 4.6M
September 28, 2021 21:30 4.6M -2.5M -3.5M
September 21, 2021 21:30 -3.5M -3.3M -6.4M
September 14, 2021 21:30 -6.4M -3.6M -1.5M
September 8, 2021 22:00 -1.5M -5.9M -7.2M
August 31, 2021 21:30 -7.2M -2.5M -3.0M
August 24, 2021 21:30 -3.0M -1.9M -3.2M
August 17, 2021 21:30 -3.2M -1.5M -0.4M
August 10, 2021 21:30 -0.4M -0.8M 3.6M