United States EIA Crude Oil Stocks Change

Info

History

Chart

Impact:

Medium

Source: U.S. Energy Information Administration

Latest Release:

Date:

Surprise:

9.07M

USD

Actual:

7.07M

Forecast: -2M

Previous/Revision:

3.845M

Period: Jul/04

Next Release:

Date:

Period: Jul/11

What Does It Measure?

The EIA Crude Oil Stocks Change measures the weekly change in the volume of crude oil stored in commercial tanks across the United States. This indicator primarily assesses the supply dynamics of the oil market, focusing on inventory levels, which can greatly influence oil prices and reflect underlying demand and production trends.

Frequency

This report is released weekly, typically on Wednesdays, and it provides a preliminary estimate that may be revised in subsequent reports.

Why Do Traders Care?

Traders closely monitor the EIA Crude Oil Stocks Change because it offers critical insights into supply and demand balances in the oil market, influencing related asset prices. A decrease in crude oil stocks is seen as bullish for oil prices, while an increase signals potential bearishness, thus affecting currencies such as the USD and stocks within the energy sector.

What Is It Derived From?

The report is derived from data collected through surveys sent to oil refineries, producers, and other industry players, assessing their inventory levels. The EIA uses a combination of statistical modeling and historical data trends to compile and report an aggregate figure for crude oil stocks in the United States.

Description

The EIA Crude Oil Stocks Change indicates the weekly short-term shifts in crude oil inventory levels, reflecting immediate supply and demand conditions in the U.S. energy market. It is crucial for understanding price movements in crude oil and helps traders gauge the health of the broader energy sector amidst changing economic scenarios.

Additional Notes

This indicator is considered a leading economic measure due to its ability to forecast future supply trends before they manifest in price changes. It is closely watched in conjunction with other oil-related reports like the Baker Hughes Rig Count and OPEC production announcements, which provide a broader view of global oil market dynamics.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bearish for Stocks. Lower than expected: Bearish for USD, Bullish 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		7.07M	-2M	3.845M	9.07M
Jul 02, 2025		3.845M	-2M	-5.836M	5.845M