I have created this indicator which shows EIA crude oil stock statistics provided by EIA(U.S. Energy Information Administration).
Like other commodities, oil prices are highly affected by demand and supply and increase/decrease of crude oil stock cause crude oil price fluctuation.
This indicator is created to help oil traders/investors easily analyze crude oil statistics along with price movement. It displays the following data as per data released by EIA on weekly basis. (Data source is quandle.com)
-Crude Oil Ending Stock -Crude Oil SPR Ending Stock -Stock changes from previous week(Calculated by the indicator) -% changes(Calculated by the indicator)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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