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United States API Weekly Crude Stock

United States API Weekly Crude Stock

Actual: 10.500M
Forecast:  
Previous: 4.100M
Importance:
Release Date: Oct 16, 2019
Currency: USD
Country: United States
Source Of Report: American Petroleum Institute

The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand.

If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.

Release Date Actual Forecast Previous
Oct 16, 2019 10.500M 4.100M
Oct 08, 2019 4.100M -5.920M
Oct 01, 2019 -5.920M 1.400M
Sep 24, 2019 1.400M 0.592M
Sep 17, 2019 0.592M -7.200M
Sep 10, 2019 -7.200M 0.401M

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