United States EIA Crude Oil Imports Change

Info

History

Chart

Impact:

Low

Source: U.S. Energy Information Administration

Latest Release:

Date:

Actual:

.-1.358M

Forecast:

Previous/Revision:

.2.94M

Period: Jul/04

Next Release:

Date:

Period: Jul/11

What Does It Measure?

The EIA Crude Oil Imports Change measures the weekly change in the volume of crude oil imported into the United States, focusing on the supply side of the oil market. This indicator assesses key areas such as domestic energy security, global oil demand trends, and price movements in the crude oil market.

Frequency

The EIA Crude Oil Imports Change is released weekly, specifically on Wednesdays, and represents preliminary estimates that may be revised in subsequent reports.

Why Do Traders Care?

Traders monitor this indicator closely as it significantly influences crude oil prices, which in turn affect currencies linked to oil-producing nations, stocks, and broader energy markets. A higher-than-expected increase in imports could imply lower oil prices, impacting economic forecasts and trading strategies.

What Is It Derived From?

The report is derived from data collected by the U.S. Energy Information Administration, which compiles information from exporters, importers, and domestic refiners on the volume of crude oil imports over the reporting period. This process employs methodologies such as statistical sampling and data verification to ensure accuracy.

Description

Preliminary data on crude oil imports often triggers immediate market reactions due to its timeliness; however, the final report provides a more accurate reflection of the actual import levels, being released with a time lag that allows for necessary adjustments. Traders interpret these changes primarily on a year-over-year basis, as it helps assess long-term trends and eliminates seasonal variances.

Additional Notes

This indicator serves as a coincident economic measure, reflecting immediate changes in oil supply that can correlate with broader economic conditions, including consumer spending and industrial production. It is closely watched alongside other petroleum industry metrics such as crude oil inventories and refinery utilization rates, offering insight into the dynamic nature of energy markets.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bearish for USD, Bearish for stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Jul 09, 2025		.-1.358M		.2.94M
Jul 02, 2025		.2.94M		.0.531M