U.S. Crude Oil Inventories

Latest release date

Oct 21, 2020

Actual

-1.0M

Forecast

0.5M

Previous

-3.8M


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: Low

Country: U.S.

Currency: US Dollar

Source: Energy Information Administration


Date Actual Forecast Previous
October 21, 2020 10:30 -1.0M 0.5M -3.8M
October 15, 2020 11:00 -3.8M -2.1M 0.5M
October 7, 2020 10:30 0.5M -1.2M -2.0M
September 30, 2020 10:30 -2.0M 1.0M -1.6M
September 23, 2020 10:30 -1.6M -2.5M -4.4M
September 16, 2020 10:30 -4.4M 2.1M 2.0M
September 10, 2020 11:00 2.0M -3.1M -9.4M
September 2, 2020 10:30 -9.4M -2.0M -4.7M
August 26, 2020 10:30
August 19, 2020 10:30 -4.5M