2013 Economic Calendar
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United States : EIA Petroleum Status Report
Released On 1/30/2013 10:30:00 AM For wk1/25, 2013
PriorActual
Crude oil inventories (weekly change)2.8 M barrels5.9 M barrels
Gasoline (weekly change)-1.7 M barrels-1.0 M barrels
Distillates (weekly change)0.5 M barrels-2.3 M barrels
Definition
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.  Why Investors Care
 
[Chart]
As is evident from the chart, crude oil stocks can fluctuate dramatically over the year. When oil prices nearly reached $50 per barrel in August 2004, financial market players began to monitor crude oil inventories. It is not surprising to see sharp price hikes in crude oil when inventories are falling. Conversely, one would expect price declines when inventories are rising.
Data Source: Haver Analytics
 

 

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