P
Loading
47 High Impact Event
Trading EIA Crude Oil Inventories on Prop Firms
Released weekly by the US Energy Information Administration (EIA), this report measures the change in the number of barrels of commercial crude oil held by US firms. It is the single most important recurring event for crude oil traders, causing massive immediate volatility in WTI and Brent crude markets.
Instant Volatility
Oil prices often spike 50-100 pips within seconds of the release. Avoid market orders exactly at 10:30 AM due to extreme slippage.
CAD Impact
Because Canada is a major oil exporter, the Canadian Dollar (CAD) is highly correlated with oil prices. USDCAD often sees significant volatility during the EIA release.
The API Pre-Cursor
The American Petroleum Institute (API) releases its own private inventory estimate on Tuesday afternoons. Traders use this to set expectations for Wednesday's official EIA data.
Release Info
Region: US | Frequency: Weekly (Wednesdays) | Usual Time: 10:30 AM EST
Find Your Perfect Firm47 Results
| # | Firm | Rating | Actions |
|---|---|---|---|
1 | FTMO 19/10% off | 4.8 | |
2 | 4.8 | ||
3 | 4.6 | ||
4 | 4.8 | ||
5 | 4.8 | ||
6 | 4.2 | ||
7 | 4.8 | ||
8 | 4.4 | ||
9 | 4.6 | ||
10 | 4.5 | ||
11 | 4.5 | ||
12 | 4.5 | ||
13 | 4.7 | ||
14 | 4.7 | ||
15 | 4.8 | ||
16 | 4.6 | ||
17 | 4.5 | ||
18 | 4.5 | ||
19 | 4.5 | ||
20 | 4.3 | ||
21 | 4.3 | ||
22 | 4.4 | ||
23 | 4.5 | ||
24 | 4.8 | ||
25 | 4.4 | ||
26 | 4.5 | ||
27 | 4.6 | ||
28 | 4.4 | ||
29 | 4.4 | ||
30 | 4.5 | ||
31 | 4.3 | ||
32 | 4.4 | ||
33 | 4.5 | ||
34 | 4.6 | ||
35 | 4.7 | ||
36 | 4.4 | ||
37 | 4.4 | ||
38 | 4.7 | ||
39 | 4.6 | ||
40 | 4.5 | ||
41 | 4.5 | ||
42 | 4.4 | ||
43 | 4.5 | ||
44 | 4.6 | ||
45 | 4.4 | ||
46 | 4.5 | ||
47 | 4.5 |
Frequently Asked Questions
Are forex pairs restricted during the EIA oil report?
Generally, no. Most prop firms only restrict trading on USOIL/UKOIL during the EIA report. However, USDCAD may occasionally be restricted depending on the firm.
Why did oil drop when inventories decreased?
Markets often price in expected decreases. If inventories decreased by 1 million barrels, but the market expected a 3 million barrel decrease, it is treated as a bearish surprise (oversupply).