USD 9:30 Crude Oil Inventories

Source Energy Information Administration (latest release)

Measures Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;

Usual Effect 'Actual' less than 'Forecast' is good for currency;

Frequency Released weekly, 4 days after the week ends;

Next Release Oct 2, 2019

FF Notes While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;

Why Traders Care It's the primary gauge of supply and demand imbalances in the market, which can lead to changes in production levels and price volatility;

Also Called Crude Stocks, Crude Levels;

Acro Expand Energy Information Administration (EIA);