EIA: US Crude Stocks Up 17.42 Million Barrels; Gasoline Falls 968,000
The US Energy Information Administration (EIA) reported weekly inventory data showing crude oil inventories increased by 17.423 million barrels. Gasoline inventories declined by 968,000 barrels. Weekly crude oil imports rose by 1.768 million barrels per day, while refinery capacity utilisation fell by 0.3 percentage points.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is negative for Oil & Gas Exploration, with intensity 45/100 and 60% confidence over a short term horizon.
Energy · 1.2
Oil & Gas Exploration
- Direction
- negative
- Intensity
- 45
- Confidence
- 60%
- Horizon
- Short term
Refining & Petrochemicals
- Direction
- mixed
- Intensity
- 40
- Confidence
- 55%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.