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United States : EIA Petroleum Status Report Released On 1/30/2013 10:30:00 AM For wk1/25, 2013 Prior Actual Crude oil inventories (weekly change) 2.8 M barrels 5.9 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   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     Legal Notices | ©Copyright 1998-2013 Econoday, Inc.  powered by  Previous