Crude Oil Inventories Report for Week of October 27, 2017

The U.S. Crude Oil Inventories report for the week that ended on October 27, 2017 was released this morning:

Weekly Change: -2,400,000 Barrels

Yearly Change: -27,700,000 Barrels

Current U.S. Crude Oil Stocks: 454,900,000 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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