Prices for crude oil, crude oil products and natural gas futures constantly change in response to new information and reflect the adjustments being made to previous and prospective expectations.

The relative size and duration of those adjustments often depend on the nature of the new information and the way it is received. Unanticipated new information quite often induces extreme price volatility creating a price shock. For example, the oil embargo by OPEC members caused oil prices to spike to historical highs. New information regularly disseminated to the market also induces price volatility, which can range from barely noticeable to extreme because even though the information is anticipated, its content may not be in line with the market's expectations.

This is particularly true of the data periodically released on oil, petroleum products and natural gas inventories. Here we'll cover where the information for this industry comes from and when to expect it. Where the Data Comes From Weekly oil and natural gas supply data is published by the Energy Information Administration EIAan independent agency of the United States Department of Energy. In fulfilling its responsibility as policy advisor to the Department of Energy, the EIA's job is to objectively collect, interpret and analyze all energy-related data.

The EIA schedules the weekly publication of data highlighting U. The first, called the Weekly Petroleum Status Report is distributed mid-morning and features raw inventory data along with recent commodity and product spot and futures prices.

The second report, This Week In Petroleum, is available later in the afternoon.

In addition to more extensive data points, this report includes commentary by the EIA about the most recent data.

The EIA makes its report on U.

Similar to its oil reports, it also releases two separate reports; the Weekly Natural Gas Storage Report is released mid-morning in the form of a much smaller "flash" report.

It's similar to its crude oil counterpart in that only the raw storage data is included.

Additional data points and the EIA's detailed analysis of the morning data is published in the Natural Gas Weekly Update in the afternoon. These reports are available at no cost and can be received by email automatically each week once you sign up at the EIA's website. Like the Energy Information Administration, the International Energy Agency IEA serves as the energy policy advisor to the 26 countries comprising the Organization of Economic and Cooperative Development OECD.

Also like the EIA, it collects, interprets and analyzes data related to energy. However, unlike its U. Data presented each month is given a detailed analysis and provides a perspective for the IEA's updated crude oil price outlook, which is also included in the report.

A paid subscription is required to receive the current report when published. Crude Oil Tse trading system Crude oil is the primary refinery input; therefore, any changes in the level of crude oil inventories from one reporting period to another not only impact the natural gas futures market hours of their underlying futures contracts, but will also affect the price of underlying futures contracts of associated refined products like gasoline.

The natural gas futures market hours inventory data showing the level of U.

Energy Futures & Options | Crude Oil, Power & Natural Gas Futures

Like crude oil inventories, petroleum product inventories data also identifies the portion that is the result of imports. In addition to the impact on refined product futures prices caused by both changes in crude oil and refined product inventories, volatility in refined product futures prices can also be attributed to changes in the portion of total inventories that has been imported.

Underlying contract price volatility is likely to increase upon evidence suggesting that the proportion of imported refined product to total inventories is increasing. Natural Gas Data Published natural gas inventory forex trading cheats, or "storage," refers to the network of more than locations throughout the contiguous 48 states. It is designed to highlight the volume of natural gas that can be readily delivered to natural gas consumers, principally in the U.

This includes power generation plants, industrial and commercial users, and households. Like crude oil and petroleum product inventories, natural gas storage data provides a look at absolute levels as of the reporting date as well as changes to those levels from prior periods. However, unlike crude oil and petroleum product inventories, owing to characteristics that largely prevent it from being transported over particularly long distances, storage level data represents natural gas coming only from U.

The Effect on Oil and Natural Gas Futures Prices Information concerning crude oil and natural whether real income for binary options supply levels will affect the price of underlying futures contracts as the market undergoes a process of reconciling and adjusting past expectations, as well as readying new ones based on the most recently reported data.

Moreover, the extent to which some or all of the actual data departs from expectations is manifested by the degree of resulting price volatility. For example, energy future prices tend to rise following an inventory report that indicates forex engulfing candle indicator gasoline inventories remained unchanged, whereas analyst prediction may have expected that inventory to rise.

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Between the two major oil inventory reports: EIA, which is more highly regarded and why? Discover what oil inventories are, how they are communicated and what important insights they provide into the state of the oil market. Prices for oil and natural gas are highly correlated.

Commodities: Crude Oil

But investors should be aware of different factors affecting the prices of these commodities. Do the prices of crude oil and natural gas affect each other? Investopedia explores price patterns and provides analysis. EIA reports rising U.

Oil prices were capped by strong U. Learn what major authorities on gas prices are predicting forand about the different factors that can impact the price of gas. Oil is in a bull market. Will natural gas prices follow or are both headed for a near-term correction? Oil and gas companies may look like a risky industry on the outside, but private equity investors have found reasons to regularly invest in these firms. Find out more about economic indicators and which ones are important when investing in companies in the oil and gas sector.

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