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Closing Stocks

Closing Stock Represents the primary stock level at the end of the month within national territories; includes stocks held by importers, refiners, stock holding organisations and governments. Stocks are a leading indicator of price movements: the level of oil stocks often determines the price, e.g. when oil stocks are low, it means that there may be a shortage or a need for replenishing, which indicates that prices will be rising. On the other hand, if the industry is amply supplied with the right oil, there may be a price reduction expected. This is why it is important to have information on the situation of oil stocks in the world....

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by Yue Pan // 25 February, 2015

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