6 May | Oil

United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from 3.76M to -4.49M

A report on this calendar event is released weekly by the American Petroleum Institute.

The presented indicator assesses how the country's crude oil reserves have changed over the reporting period.

The growth of crude oil reserves entails a decrease in demand and, as a result, a decrease in the price of oil.

The data is published hours before the official statistics are released by the U.S. Energy Information Administration.

Comments by the MarketCheese analysts: a decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.

MarketCheese MarketCheese
Period: 19.05.2025 Expectation: 1000 pips
AUDUSD bounces off 0.635 support level toward 5-month high
Today at 09:38 AM 2
Period: 22.05.2025 Expectation: 89500 pips
BTCUSD correction wave forms sell signal targeting 93,700
Today at 08:47 AM 7
Period: 20.05.2025 Expectation: 4065 pips
Optimism for Tesla is limited by weak sales and competition
Today at 05:07 AM 7
Period: 16.05.2025 Expectation: 700 pips
Silver prices started to rebound toward 33.6
Yesterday at 11:15 AM 38
Period: 13.05.2025 Expectation: 900 pips
USDJPY seen retreating to 145.00
Yesterday at 09:38 AM 20
Period: 18.05.2025 Expectation: 3085 pips
Trading optimism and technical signal reinforce S&P 500's upside outlook
Yesterday at 08:18 AM 39
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Go to forecasts