U.S. Crude Oil Inventories

Latest release date

Oct 9, 2019

Actual

2.9M

Forecast

1.8M

Previous

3.1M


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
October 9, 2019 10:30 2.9M 1.8M 3.1M
October 2, 2019 10:30 3.1M 2.0M 2.4M
September 25, 2019 10:30 2.4M -0.3M 1.1M
September 18, 2019 10:30 1.1M -2.1M -6.9M
September 11, 2019 10:30 -6.9M -2.7M -4.8M
September 5, 2019 11:00 -4.8M -2.4M -10.0M
August 28, 2019 10:30 -10.0M -2.8M -2.7M
August 21, 2019 10:30 -2.7M -1.4M 1.6M
August 14, 2019 10:30 1.6M -2.5M 2.4M
August 7, 2019 10:30 2.4M -2.9M -8.5M