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Economy

Economic Data (USA)

Thursday, October 13, 2016

Crude Oil Inventories Report for Week of October 7, 2016

The U.S. Crude Oil Inventories report for the week that ended on October 7, 2016 was released this morning:

Weekly Change: +4,900,000 Barrels

Yearly Change: +37,400,000 Barrels

Current U.S. Crude Oil Stocks: 474,000,000 Barrels

Diminishing crude oil inventories often translates to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).


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