US crude oil inventories dropped by 3.135 million barrels in the week ended December 11th, 2020, following a 15.189 million increase in the previous week and compared with market expectations of a 1.937 million fall, according to the EIA Petroleum Status Report. Meantime, gasoline inventories were up by 1.020 million barrels, while markets had forecast a bigger 1.614 million rise. source: U.S. Energy Information Administration
Crude Oil Stocks Change in the United States averaged 0.09 BBL/1Million from 1982 until 2020, reaching an all time high of 19.25 BBL/1Million in April of 2020 and a record low of -15.22 BBL/1Million in January of 1999. This page provides the latest reported value for - United States Crude Oil Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Crude Oil Stocks Change - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Crude Oil Stocks Change in the United States is expected to be 2.60 BBL/1Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Stocks Change in the United States to stand at -5.00 in 12 months time. In the long-term, the United States Crude Oil Stocks Change is projected to trend around 2.60 BBL/1Million in 2021, according to our econometric models.