The Cushing WTI spot price and weekly oil inventories are different series. Research must identify each series’ location, units, observation period, and release time.
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The Cushing WTI spot price and weekly oil inventories are different series. Research must identify each series’ location, units, observation period, and release time.
The EIA provides a WTI spot price series for Cushing, Oklahoma, in U.S. dollars per barrel. Record the series name and frequency. A daily observation and a weekly observation represent different measurements. Compare figures at the same frequency.
The Weekly Petroleum Status Report provides separate tables for inventories and other petroleum supply measures. Identify the inventory definition and reporting period first. Record the release time alongside it. This avoids treating later information as if it were available earlier.
A price move and an inventory change in the same period initially show only a temporal relationship. A stronger explanation needs other evidence, such as changes in production, imports, or refining. State what observation would weaken your explanation.
[11] U.S. EIA · Weekly Petroleum Status Report[12] U.S. EIA · Cushing WTI Spot Price
This article demonstrates a research process. It uses no current inventory figures, futures prices, or price forecasts.
WTI Cushing Spot · EIA RWTCD · Cushing, Oklahoma · USD/bbl
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The linked series is a spot price series. A future requires a separate exchange, contract, and maturity identifier.
One inventory change establishes neither the cause of a price move nor the future direction of prices.
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