U.S. Crude Oil Inventories

Latest release date

Feb 23, 2021

Actual

1.3M

Forecast

-6.5M

Previous

-7.3M


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
February 23, 2021 20:30 1.3M -6.5M -7.3M
February 17, 2021 21:00 -7.3M -2.1M -6.6M
February 9, 2021 20:30 -6.6M -0.9M -1.0M
February 2, 2021 20:30 -1.0M -0.6M -9.9M
January 26, 2021 20:30 -9.9M 1.6M 4.4M
January 21, 2021 21:00 4.4M -1.2M -3.2M
January 12, 2021 20:30 -3.2M -3.2M -8.0M
January 5, 2021 20:30 -8.0M -2.8M -6.1M
December 30, 2020 10:30 -6.1M -3.0M -0.6M
December 23, 2020 10:30 -0.6M -2.9M -3.1M