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Crude Oil Inventory Today – Read Inside…

Sep 26, 2018 Administrator Mcx Crude Oil Tips 0

The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.

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.

• Crude Oil Inventories Prior -2.1M Exptd -0.7M Actual 1.9 M
• EIA Weekly Distillates Stocks Prior 0.839M Exptd 0.752M Actual -2.241M
• Gasoline Inventories Prior -1.719M Exptd 0.788M Actual 1.530M

PREVIOUS (-2.057 M), Forecast (-1.279 M) & Actual (+1.852 M) >> Negative for Price .. May Down Down

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