Week Ahead: Economic Indicators 10th – 14th November (US)

Monday 10th November
No noteworthy economic indicators

Tuesday 11th November
US Holiday: Veterans Day (exchange open)
No noteworthy economic indicators

Wednesday 12th November
No noteworthy economic indicators

Thursday 13th November
08:30 ET
US CPI for October
[Data likely delayed by US Government Shutdown]

12:00 ET
US Weekly EIA Crude Oil Inventories
The EIA publishes a weekly report of changes in U.S. commercial crude oil inventories (excluding the Strategic Petroleum Reserve) alongside key related data such as crude imports, refinery inputs and product (gasoline, distillate) stock levels. The change in inventory levels is a key indicator of supply-demand balance in the oil market and thus influences oil pricing and energy sector sentiment.

Summary of Last Report
US commercial crude oil inventories increased by 5.2 million barrels for the week ending October 31, 2025.
Inventories stand at about 421.2 million barrels, which is roughly 4% below the five-year average for this time of year.
Refinery inputs averaged ~15.3 million barrels per day during the week.
Crude imports averaged ~5.9 million barrels per day, down about 873 000 barrels per day from the previous week.
Gasoline inventories decreased by 4.7 million barrels and are about 5% below the five-year average.
Distillate fuel inventories decreased by 0.6 million barrels, about 9% below the five-year average.The unexpected build in crude inventories suggests weaker demand or higher supply than the market-expected draw.

What to Expect
Oil Prices
With inventories rising by more than expected, oil prices may face downward pressure, as a larger build implies softer demand or excess supply.
Conversely, if upcoming weeks show draws (inventory declines) especially larger than consensus, that would likely boost oil prices, suggesting tighter supply or increasing demand.
Energy Stocks
A bigger-than-expected inventory build may put pressure on energy sector stocks, since producers and refiners may face margin risks or weaker pricing power.If future inventory reports show significant draws, energy equities may gain, as the tighter supply outlook improves earnings prospects in the sector.

Friday 14th November
08:30 ET
US PPI for October
[Data likely delayed by US Government Shutdown]

08:30 ET
US Retail Sales for October
[Data likely delayed by US Government Shutdown]