Loading the Agenda…
Loading the Agenda…
Worth noting Agenda Wed, Nov 18 ET 10:30 AM 1 min read
The US Energy Information Administration, or EIA, reports how much US crude oil inventories increased or decreased during the week. Recent attacks and war-related reports have raised supply concerns, while other reports describe recovering production, making the domestic stock cushion worth checking. Inventories also change with imports, exports, production and refinery processing, so this release cannot establish how much supply overseas attacks disrupted.[1]
A build adds to the domestic crude cushion; a draw reduces it, but imports, exports and refinery processing help explain why. If falling stocks accompany persistent supply tightness, unaffected producers could benefit from higher selling prices while airlines and other heavy fuel users face cost pressure. A larger cushion that eases oil-price pressure could reverse those effects. Crude inventories do not directly establish gasoline or jet-fuel availability, so refined-fuel supplies and actual fuel purchase prices matter next.[1]