Weekly changes in the number of barrels of crude oil held in inventory by commercial firms during the past.
Released weekly by EIA (Energy Information Administration), Its is also called Crude Stock or Crude levels. Inventory released 4 days after the week ends.
Traders have to care about this before trading bcz it influences the proce pf pertoleum product which is direct affects inflation but also impacts growth as many industries rely on oil to produce goods.
Todays Crude Oil Inventory: Forecast: 1.9M Previous: 2.9M Actual Will Come at 9.30Pm.
Are you stuck in Buying/Selling decision of stocks…. We are just a call away