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United States. Crude Oil Inventories. The value of the indicator has increased from 1.448M to 1.745M
A report on this calendar event is released weekly (on wednesday) by the U.S. Energy Information Administration.
This indicator measures how crude oil and petroleum product inventories have changed over the reporting period. The report includes petroleum derivatives.
The indicator can cause strong price fluctuations due to the impact of the cost of oil on the global economy. Commodity currencies are affected the most.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
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