Crude Oil Inventories

MeasuresChange 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;
FrequencyReleased weekly, 4 days after the week ends;
Next Release
FF NotesWhile this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;
Why Traders
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 CalledCrude Stocks, Crude Levels;
Acro ExpandEnergy Information Administration (EIA);