Stocks of crude oil in the United States increased by 0.6 million barrels in the week ended October 16th, 2020, after a 5.4 million draw in the previous week and compared with market expectations of a 0.2 million drop, data from the American Petroleum Institute showed.
API Crude Oil Stock Change in the United States averaged 0.39 BBL/1Million from 2012 until 2020, reaching an all time high of 14.30 BBL/1Million in February of 2015 and a record low of -12.40 BBL/1Million in November of 2013. This page provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States API Crude Oil Stock Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: American Petroleum Institute (API)
API Crude Oil Stock Change in the United States is expected to be -2.00 BBL/1Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate API Crude Oil Stock Change in the United States to stand at -5.00 in 12 months time. In the long-term, the United States API Crude Oil Stock Change is projected to trend around 2.00 BBL/1Million in 2021, according to our econometric models.