United States EIA Heating Oil Stocks Change

Info

History

Chart

Impact:

Low

Source: U.S. Energy Information Administration

Latest Release:

Date:

Actual:

0.603M

Forecast:

Previous/Revision:

-0.202M

Period: Jul/04

Next Release:

Date:

Period: Jul/11

What Does It Measure?

The United States EIA Heating Oil Stocks Change measures the weekly change in the level of heating oil inventories in the U.S., specifically assessing the supply dynamics of this critical fuel type. It primarily focuses on the balance between production, consumption, and storage levels, which can significantly impact energy prices and market trends.

Frequency

This report is released weekly, typically on Wednesdays, and includes preliminary figures that may be subject to revision in subsequent reports.

Why Do Traders Care?

Traders pay close attention to this report as changes in heating oil stocks can influence energy prices and, subsequently, broader market dynamics. A decline in inventory may signal higher demand or lower supply, which is often bullish for crude oil and heating oil prices, while an increase may have the opposite effect.

What Is It Derived From?

The EIA Heating Oil Stocks Change is derived from data collected through a combination of surveys sent to energy companies and direct reporting from major industry players. The EIA uses industry-standard methodologies to calculate inventory changes, often focusing on data regarding U.S. refinery runs, imports, and exports.

Description

This report typically presents month-over-month (MoM) changes, comparing current stock levels against the previous week to identify short-term fluctuations in supply and demand. Traders interpret MoM changes as immediate responses to market conditions, focusing on whether trends reflect broader seasonal patterns or unexpected shifts in consumption.

Additional Notes

The EIA Heating Oil Stocks Change serves as a coincident economic measure, providing real-time insights into supply conditions that can influence energy pricing. It is watched closely in relation to other energy indicators, including crude oil inventory reports and seasonal weather forecasts, as these factors collectively shape market expectations.

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. A hawkish tone: Signaling higher prices or supply concerns is usually good for the USD but bad for Stocks due to higher energy costs.

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		0.603M		-0.202M
Jul 02, 2025		-0.202M		-0.716M