U.S. Crude Oil Inventories

Latest release date

Jan 19, 2022

Actual

Forecast

-2.1M

Previous

-4.6M


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
January 19, 2022 21:00 -2.1M -4.6M
January 11, 2022 20:30 -4.6M -2.1M -2.1M
January 4, 2022 20:30 -2.1M -3.5M -3.6M
December 28, 2021 20:30 -3.6M -2.7M -4.7M
December 21, 2021 20:30 -4.7M -2.4M -4.6M
December 14, 2021 20:30 -4.6M -1.8M -0.2M
December 7, 2021 20:30 -0.2M -1.5M -0.9M
November 30, 2021 20:30 -0.9M -1.5M 1.0M
November 23, 2021 20:30 1.0M -1.7M -2.1M
November 16, 2021 20:30 -2.1M 1.0M 1.0M