What are your perspectives on crude oil,long,short,buy option,or market options?
I'm brief crude oil.
Motive price is under previous 'day low.
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old reports
Latest Release
Jan 31, 2018
Actual
6.776M
Forecast
0.126M
Past
-1.071M
The Energy Information Adminiion's (EIA) Crude Oil Inventories measures the weekly change in the Amount of barrels of commercial crude oil held by US companies. The level of stocks influences the price of petroleum products, which can have an impact on inflation.
In the event the increase in crude stocks is more than expected, it implies weaker need and is bearish for crude prices. If a decrease in stocks is less than expected the same can be said.
If the increase in crude is significantly less than expected, it implies greater need and can be bullish for crude prices. If a decrease in stocks is more than expected the same can be said.