RE:There seems to beI am reposting this because my previous post was removed. The clarification I am providing is important to BTE investors who watch the weekly API Weekly Inventory reports.
There is no confusion Duster you just don't know how to read/understand API Weekly Inventory charts.
The RED means the report is bearish for oil and the GREEN means the report is bullish for oil. Its the negative sign in front that designates a DRAW.
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Duster340 wrote: some confussion with todays oil inventories, was it a draw or was it a build. - with green ink is a draw and red ink is a build todays report has the - but is in red ink?
| Release Date | Time | Actual | Forecast | Previous | |
| Jul 19, 2023 | 10:30 | -0.708M | -2.440M | 5.946M | |
| Jul 12, 2023 | 10:30 | 5.946M | 0.483M | -1.508M | |
| Jul 06, 2023 | 11:00 | -1.508M | -0.983M | -9.603M | |
| Jun 28, 2023 | 10:30 | -9.603M | -1.757M | -3.831M | |
| Jun 22, 2023 | 11:00 | -3.831M | 0.329M | 7.919M | |
| Jun 14, 2023 | 10:30 | 7.919M | 1.482M | -0.451M | |
| Jun 07, 2023 | 10:30 | -0.451M | 1.022M | 4.488M | |
| Jun 01, 2023 | 11:00 | 4.488M | -1.101M | -12.456M | |
| May 24, 2023 | 10:30 | -12.456M | -0.920M | 5.040M | |
| May 17, 2023 | 10:30 | 5.040M | -0.920M | 2.951M | |
| May 10, 2023 | 10:30 | 2.951M | -0.917M | -1.280M | |
| May 03, 2023 | 10:30 | -1.280M | -1.100M | -5.054M | |