United States EIA Cushing Crude Oil Stocks Change

Info

History

Chart

Impact:

Low

Source: U.S. Energy Information Administration

Latest Release:

Date:

Actual:

0.464M

Forecast:

Previous/Revision:

-1.493M

Period: Jul/04

Next Release:

Date:

Period: Jul/11

What Does It Measure?

The EIA Cushing Crude Oil Stocks Change measures the weekly change in the level of crude oil held in storage at the Cushing, Oklahoma hub, which serves as a key pricing point for West Texas Intermediate (WTI) crude oil. It primarily focuses on inventory levels that can influence supply and demand dynamics, with significant implications for energy market prices.

Frequency

This report is released weekly, typically on Wednesdays, and it provides preliminary estimates that are subject to revision in subsequent reports.

Why Do Traders Care?

Traders closely monitor this indicator because changes in oil inventory levels can directly affect crude oil prices and influence broader financial markets, including currencies and equities related to the energy sector. A higher-than-expected decrease in crude oil stocks is generally seen as bullish for oil prices, while an unexpected increase may lead to bearish sentiment.

What Is It Derived From?

The data is derived from a weekly survey conducted by the U.S. Energy Information Administration (EIA) that aggregates information from various oil storage facilities and refiners, providing a comprehensive view of supply levels. The collection methodology employs a diffusion index approach, weighing inputs across different storage locations to ensure accuracy in the final report.

Description

Preliminary reports reflect initial estimates based on the available data and are subject to change, while final figures offer a more accurate and vetted account of crude oil stock levels. The report typically analyzes changes in stockpile levels on a week-over-week basis, making it vital for traders looking to detect short-term market trends.

Additional Notes

The Cushing Crude Oil Stocks Change acts as a coincident indicator of economic activity in the energy sector, offering insights into demand trends and market volatility. It is often compared to other oil inventory reports, such as the American Petroleum Institute (API) weekly survey, to derive a comprehensive understanding of market conditions.

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. Hawkish tone: Signaling increasing demand concerns, is usually good for the USD but bad for Stocks due to rising costs related to energy inflation.

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		0.464M		-1.493M
Jul 02, 2025		-1.493M		-0.464M