The EIA publishes the EIA Weekly Petroleum Status Report on Wednesdays at 10:30 a.m. Eastern Time, but after a Monday holiday, it is released on Thursday. The EIA report provides information on the US Crude Oil inventories have been declining for five straight weeks. Last month, inventories were expected to decline again, although we saw a 1.9 million barrel buildup. That was a bit of a surprise after such a long period of draw-down for US Oil inventories. Crude Oil Price Forecast – Crude oil markets looking for support. Crude oil markets found support during the trading session on Tuesday, as we are sitting above a major amount of support underneath, and at a major inflection point. Ultimately, we are winding this market up for a bigger move.