U.S. Crude Oil Inventories - Crudeoil - Up Trend : 08.00 Pm

U.S. Crude Oil Inventories - Crudeoil - Up Trend : 08.00 Pm

Latest Release : 08.00Pm (IST)
Aug 03, 2016

Actual
1.413M

Forecast
-1.363M

Previous
1.671M

MCX Crudeoil - Up Trend 

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.
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