Loading the Agenda…
Loading the Agenda…
Worth noting Agenda Thu, Nov 12 ET 12:00 PM 1 min read
The Energy Information Administration, or EIA, measures the weekly change in US commercial crude oil inventories. It shows whether stored crude increased or decreased, not global oil supply or consumers' gasoline use. Recent oil-price declines reflected reduced fears of disruption around Iran, without an established increase in physical supply. This report provides a concrete check on whether the US crude supply cushion is growing or shrinking.[1]
Last release −0.865
Read the stock change alongside imports, exports and refinery processing. A build means a larger stored-crude cushion and could reinforce downward oil-price pressure; a draw means less cushion and could challenge it. Neither alone proves a change in final demand. Sustained cheaper oil would pressure producers' revenue expectations while potentially helping airline and freight stocks through lower fuel costs; stronger oil would reverse that trade-off. For transport companies, watch refined-fuel prices, purchase contracts and how much of any saving reaches customers.[1]