Eia oil inventory report time
The weekly EIA report release time is every Wednesday at 10:30 a.m. New York Time. This is an extremely volatile time to trade as the numbers represents the change in the number of barrels of Crude Oil held in reserve by commercial firms and the oil prices can jump which makes for some great trading action. In its March Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $43 per barrel (b) in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and rise to $43/b during the second half of the year. EIA forecasts crude oil prices will fall in the first half of 2020, then rise through 2021 . tags: STEO crude oil forecasts/projections liquid fuels oil/petroleum prices