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U.S. Crude Oil Inventories

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U.S. Crude Oil Inventories

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Status

 
Latest Release
Oct 09, 2019
Actual
2.927M
Forecast
1.413M
Previous
3.100M
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...
U.S. Crude Oil Inventories
 
Release Date Time Actual Forecast Previous
Oct 16, 2019 10:30   1.413M 2.927M
Oct 09, 2019 10:30 2.927M 1.413M 3.100M
Oct 02, 2019 10:30 3.100M 1.567M 2.412M
Sep 25, 2019 10:30 2.412M -0.249M 1.058M
Sep 18, 2019 10:30 1.058M -2.496M -6.912M
Sep 11, 2019 10:30 -6.912M -2.686M -4.771M

News

Oil Prices Rise on Renewed Trade Hopes Ahead of Talks
Oil Prices Rise on Renewed Trade Hopes Ahead of Talks By Investing.com - Oct 09, 2019

Investing.com -- Crude oil prices rose on Wednesday after various unconfirmed reports breathed life into hopes that the U.S. and China can at least agree a temporary and partial truce to their...

Analysis

Andrew Robinson
Global Stocks: 2019-10-11 By Andrew Robinson - Oct 11, 2019

Stocks rally after progress on day one Day one of the US-China trade talks reportedly went well, giving a boost to Wall Street. A positive turn in Brexit negotiations boosted the pound while oil...

Phil Flynn
The Energy Report: China Colored Glasses By Phil Flynn - Oct 10, 2019 2

Oil traders are looking at the world through China colored glasses. Made in China of course. Just when you thought trading oil could not get any crazier, conflicting headlines on U.S. China trade...

Crude Oil Inventories Discussion

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All Comments (155)
Ramamurthy KC
Ramamurthy KC Sep 25, 2019 10:14AM ET
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dear friends i right my thot 20 th jul my expectetion is sexes 3400 to 3600 buy 4000to 4500 to  sell &again 4000 t04500  sell & buy 4000 to 3800 this is nearly 5 monthse crude oslation level.try it good luck,
Toni Fluxá
Toni Fluxá Jul 21, 2019 5:27AM ET
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According to Geo political events, my expectation is that prices will go down even more, since they are taking dramatic measures to increase their price based on retaining production and yet deploying military troops to protect ships, added to political interests of the US government plus the data of technical analysis, the most likely is a week to the downside. The negative is that we do not see support fund in the recent graph, so we do not know where it will go down. We will continue being spectators of the Circus.
Ramamurthy KC
Ramamurthy KC Jul 20, 2019 11:27AM ET
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sell crude oil 4000 above & wait 4500. buy  3600 & wait  3400  proffit nerarly 500 to 900,points  this is 3 months report & free minde, cool treading, fallow & try, i am  investor,. not a adviser. thank u.
Ramamurthy KC
Ramamurthy KC Jul 20, 2019 11:03AM ET
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sell crud oil arond 4200 to 45000 buy around 3500 to 3600 middel traed is use less & loss
Faq Ays
Faq Ays Jul 18, 2019 3:53AM ET
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Crude oil must approach to the 57.65 level than drop again. So Sell at 57.50 or 57.65.
Vámpír Energia
Vámpír Energia Jun 18, 2019 6:13AM ET
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The price cant go up today, because everybody fear.... girls (bears) trading today.
Chiro Ghosh
Chiro Ghosh Jun 18, 2019 2:14AM ET
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So the market forecast draw-down of 0.8 but there was a build up of 6.7mn. They thought it was perhaps an anomaly, they again forecast a draw down of 0.5mn but then again they were wrong and there was a build up of 2.2 mn. Now the really smart guys forecast a draw-down of 2mn, with no apparent improvement in the economy or trade talks.
Danen Padiachy
Danen Padiachy Jun 16, 2019 12:37PM ET
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Can somebody please tell me from what data source does the forecast values originate? Thanks.
Christopher Pritchard
Christopher Pritchard Mar 27, 2019 10:21AM ET
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It goes up even if the level indicates -2M . Less oil produced + less oil being used = bull as they say.
Faq Ays
Faq Ays Mar 27, 2019 10:21AM ET
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Obviously it will buy at this level to the 57.65 and than sell.
Sushil Singh
Sushil Singh Feb 06, 2019 1:53AM ET
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Any ideas what the price will go to?
Christopher Pritchard
Christopher Pritchard Feb 06, 2019 1:53AM ET
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68.02
Jeosef Broz
Jeosef Broz Feb 06, 2019 1:53AM ET
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$21.50
Faq Ays
Faq Ays Feb 06, 2019 1:53AM ET
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up to 57.65 than sell
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