Breaking News

U.S. Crude Oil Inventories

Latest Release

Mar 22, 2023

Actual

1.117M

Forecast

-1.565M

1.550M

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.

Importance:

Country:

Currency: USD

Source: Energy Information Administrat...

Release Date	Time	Actual	Forecast	Previous
Mar 23, 2023	01:30	1.117M	-1.565M	1.550M
Mar 16, 2023	01:30	1.550M	1.188M	-1.694M
Mar 09, 2023	02:30	-1.694M	0.395M	1.165M
Mar 02, 2023	02:30	1.165M	0.457M	7.648M
Feb 24, 2023	03:00	7.648M	2.083M	16.283M
Feb 16, 2023	02:30	16.283M	1.166M	2.423M

News

Oil up 3rd day in row on large fuel drawdown, dollar drop ahead of Fed By Investing.com - 5 hours ago

By Barani Krishnan Investing.com -- Oil prices overcame a weak start to rise more than 1% by Wednesday noon in New York, helped by the U.S. government’s report of a larger-than-expected drawdown from...

U.S. crude stockpiles rise at smaller rate vs large product draws - EIA By Investing.com - 7 hours ago

By Barani Krishnan Investing.com -- U.S. crude stockpiles rose for a second week in a row but that rise paled against large drawdowns in gasoline and distillates inventories, weekly government data...

Dow futures rise 15 pts; caution ahead of Fed rate decision By Investing.com - 11 hours ago

By Peter Nurse Investing.com -- U.S. stocks are seen opening largely unchanged Wednesday, amid a degree of nervousness ahead of the Federal Reserve’s latest interest rate decision. At 07:00...

Analysis

Oil Bulls Counting on Fear of OPEC+ to Replace Fear Over Banks By Barani Krishnan/Investing.com - 13 hours ago

Crude prices up 4% in two days after last week’s 13% slide Potentially hawkish Fed could disrupt oil’s continued rebound Crude bulls thus hoping OPEC+ will “fix” market in...

Commodities Week Ahead: Oil, Gold Caught Between Slow-Boil SVB Crisis, CPI By Barani Krishnan/Investing.com - Mar 13, 2023

Wall St. is using SVB crisis to pressure Fed to do limited or no more rate hikes CPI reading, due Tuesday, likely to show inflation slowed in February Odds growing that the Fed will only adopt...

The Commodities Feed: Testimony Weighs on the Complex By ING Economic and Financial Analysis - Mar 08, 2023

Comments from Jerome Powell during his testimony to the Senate Banking Committee were more hawkish than expected, which weighed heavily on the commodities complex, particularly oil Energy: Fed...

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