Description:

Updates the markets on the inventory level of petroleum either produced here or abroad

Released:

Every Wednesday at 10:30am

Key Point:

It can be argued that oil is the most important commodity for our world economy. If the supply of oil fluctuates, these variances can translate to changes in price levels. Another important consideration is that the U.S. is highly dependent on the foreign supply of oil predominantly from the Middle East and South America. Any political or economic unrest in those areas could trigger wild price fluctuations. As the world economy continues to develop, the demand for oil will increase especially in developing countries such as China and India. Therefore, it is important to closely monitor the supply of oil in relation to world demand and economic growth.

Release site: Click here