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⚠️US Crude Oil Stocks 🇺🇸

Crude oil inventories from the Energy Information Administration (EIA) measure the weekly change in the number of barrels of commercial crude oil held by U.S. companies. The level of stocks influences the price of petroleum products, which can have an impact on inflation.

If the increase in crude inventories is greater than expected, this implies lower demand and is bearish for crude prices. The same applies if the drop in stocks is less than expected.

If the crude price increase is lower than expected, this implies greater demand and is bullish for crude prices. The same can be said if the inventory drop is greater than expected.