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 No consistent effect – there are both inflationary and growth implications;

Frequency Released weekly, 4 days after the week ends;

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

Why Traders Care It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;

Also Called Crude Stocks, Crude Levels;