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Economy

Economic Data (USA)

Thursday, May 31, 2007

Crude Oil Inventories Report for Week of May 25, 2007

The U.S. Crude Oil Inventories report for the week that ended on May 25, 2007 was released this morning:

Weekly Change: -2,000,000 Barrels

Yearly Change: -3,300,000 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.

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