The 'EIA Weekly Refinery Utilization Rates WoW' measures the week-over-week change in the percentage of total refinery capacity currently being used in the United States. This metric is significant because it provides insights into the supply side of the oil market, indicating how much crude oil is being processed into products like gasoline and diesel. High utilization rates suggest strong demand for refined products, which can impact oil prices and influence energy sector stocks, while lower rates may indicate weaker demand or maintenance activities. Financial markets often react to these changes as they can affect inflation expectations and consumer spending power due to fluctuations in fuel prices.
The 'EIA Weekly Refinery Utilization Rates WoW' measures the week-over-week change in the percentage of total refinery capacity currently being used in the United States. This metric is significant because it provides insights into the supply side of the oil market, indicating how much crude oil ...