Measures Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;
Usual Effect No consistent effect - there are both inflationary and growth implications;
Frequency Released weekly, 4 days after the week ends;
Next Release Nov 18, 2015
FF Notes While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;
Why Traders
Care It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;
Also Called Crude Stocks, Crude Levels;
Acro Expand Energy Information Administration (EIA);
History Actual Forecast Previous
Nov 4, 2015 2.8M 2.5M 3.4M
Oct 28, 2015 3.4M 3.7M 8.0M
Oct 21, 2015 8.0M 3.5M 7.6M
Oct 15, 2015 7.6M 2.2M 3.1M
Oct 7, 2015 3.1M 2.2M 4.0M
More
Graph
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Oil down 2 percent; worries of another rise in U.S. crude...
From reuters.com | 22 hr ago
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Measures Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;Usual Effect No consistent effect - there are both inflationary and growth implications;Frequency Released weekly, 4 days after the week ends;Next Release Nov 18, 2015FF Notes While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;Why TradersCare It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;Also Called Crude Stocks, Crude Levels;Acro Expand Energy Information Administration (EIA);History Actual Forecast PreviousNov 4, 2015 2.8M 2.5M 3.4MOct 28, 2015 3.4M 3.7M 8.0MOct 21, 2015 8.0M 3.5M 7.6MOct 15, 2015 7.6M 2.2M 3.1MOct 7, 2015 3.1M 2.2M 4.0MMoreGraphRelated Stories Oil down 2 percent; worries of another rise in U.S. crude...From reuters.com | 22 hr agoMore
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