Crude Oil Inventories Report for Week of May 11, 2007
The U.S. Crude Oil Inventories report for the week that ended on May 11, 2007 was released this morning:
Weekly Change: +1,000,000 Barrels
Yearly Change: -4,700,000 Barrels
Current U.S. Crude Oil Stocks: 342,200,000 Barrels
Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.
The report is produced by the U.S. Energy Information Administration (EIA).
Click here for a more detailed summary of The Week in Petroleum.
Weekly Change: +1,000,000 Barrels
Yearly Change: -4,700,000 Barrels
Current U.S. Crude Oil Stocks: 342,200,000 Barrels
Diminishing crude oil inventories can translate to higher crude oil prices (and vice versa), but not always.
The report is produced by the U.S. Energy Information Administration (EIA).
Click here for a more detailed summary of The Week in Petroleum.
Labels: crude_oil, inventories, petroleum
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posted by Steve Brown | 5/16/2007 02:04:00 PM
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