Buz Investors EIA Crude Oil Stocks The commodity is trading at $54.20 per barrel at 10:40 GMT this morning, 0.37% higher from the New York close. Crude oil witnessed a high of $54.31 per barrel and a low of $53.77 per barrel during the session. In the New York session yesterday, crude oil rose 0.2% to close at $54.00 per barrel. Meanwhile, the API disclosed that US crude oil inventories advanced by 2.5 million barrels to 515.2 million barrels last week. Immediate downside, the first support level is seen at $53.48 per barrel, while on the upside, the first resistance level is at $54.61 per barrel.
Stocks of crude oil in the United States went up by 1.501 million barrels in the week ended February 24th, 2017, following a 0.564 million increase in the previous week and below market expectations of a 3.079 million rise. Gasoline stocks fell by 0.546 million, compared to expectations of a 1.789 million drop. Crude Oil Stocks Change in the United States averaged 0.11 BBL/1Million from 1982 until 2017, reaching an all time high of 14.42 BBL/1Million in October of 2016 and a record low of -15.22 BBL/1Million in January of 1999.
Stocks of crude oil refer to the weekly change of the crude oil supply situation. This page provides the latest reported value for – United States Crude Oil Stocks Change – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Crude Oil Stocks Change – actual data, historical chart and calendar of releases – was last updated on March of 2017.
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