Thursday, January 04, 2018

Crude Oil Inventories Report for Week of December 29, 2017

The U.S. Crude Oil Inventories report for the week that ended on December 29, 2017 was released this morning:

-- Change from Last Week: -7,400,000 Barrels

-- Change from Last Year: -54,500,000 Barrels

-- Current U.S. Crude Oil Stocks: 424,500,000 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).



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