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Economy

Economic Data (USA)

Wednesday, August 09, 2017

Crude Oil Inventories Report for Week of August 4, 2017

The U.S. Crude Oil Inventories report for the week that ended on August 4, 2017 was released this morning:

Weekly Change: -6,500,000 Barrels

Yearly Change: -17,500,000 Barrels

Current U.S. Crude Oil Stocks: 475,400,000 Barrels

Diminishing crude oil inventories often translate 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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