Crude Oil Inventories Report for Week of May 8, 2020
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| Crude Oil Inventories |
The U.S. Crude Oil Inventories report for the week that ended on May 8, 2020 was released this morning:
-- Change from Last Week: -700,000 Barrels
-- Change from A Year Ago (Y/Y): +59,400,000 Barrels
-- Current U.S. Crude Oil Stocks: 531,500,000 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).
Labels: Coronavirus, COVID-19, COVID19, crude_oil, energy, hard_data, inventories, petroleum
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posted by Steve Brown | 5/13/2020 06:52:00 PM
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