The API Crude Oil Stock Change is a weekly report released by the American Petroleum Institute that measures the change in the number of barrels of crude oil held in inventory by commercial firms in the U.S. This data is significant as it provides insights into supply and demand dynamics in the oil market, influencing oil prices and, consequently, inflation and economic growth. Financial markets closely monitor this report because fluctuations in oil inventories can lead to volatility in energy prices, impacting sectors such as transportation and manufacturing. It serves as a precursor to the more comprehensive EIA report, often causing immediate reactions in oil futures and related financial instruments.
The API Crude Oil Stock Change is a weekly report released by the American Petroleum Institute that measures the change in the number of barrels of crude oil held in inventory by commercial firms in the U.S. This data is significant as it provides insights into supply and demand dynamics in the o...