Economic Calendar > Calendar Details
USAFor the week ending June 5thEIA Crude Oil Inventory Changes
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2026-06-10 | -722.710,000 barrels | -397.410,000 barrels | -797.410,000 barrels | 2026-06-24 22:30 | Weekly |
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Historical Data
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Forecast Value
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Definition
The weekly crude oil inventory change data released by the U.S. Energy Information Administration (EIA) reflects changes in commercial crude oil inventories held by U.S. companies. It is typically released every Wednesday at 10:30 AM Eastern Time for the previous week (ending Friday), but this can change due to U.S. holidays. On holidays, the release time may be delayed by half an hour. For example, during U.S. Daylight Saving Time, the data is normally released at 10:30 PM Beijing Time on Wednesday; if it is delayed until Thursday due to a holiday, it will be released at 11:00 PM on Thursday.
Impact on Market
Data below expectations is generally positive for crude oil prices and usually also for the Canadian dollar.
Why It Matters
This indicator is the most closely watched economic data in the crude oil market. Changes in inventory levels affect crude oil prices, which in turn impact the Canadian dollar, as crude oil exports account for a significant portion of Canada's economy. Its impact is greater than the weekly crude oil inventory change reported by the American Petroleum Institute (API). An increase in crude oil inventories typically suggests ample supply, theoretically bearish for both crude oil prices and the Canadian dollar. FX678 and 1QH remind you: According to parameters from authoritative international media, the correlation between this indicator and crude oil prices is 94%.
Released By
U.S. Energy Information Administration
