US crude oil inventories dropped by 4.079 million barrels in the July 9th week, an eight consecutive period of decline and compared with market consensus of a 4.333 million fall, data from the API's Weekly Statistical Bulletin showed. source: American Petroleum Institute (API)
API Crude Oil Stock Change in the United States averaged 0.26 BBL/1Million from 2012 until 2021, 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 July of 2021.
API Crude Oil Stock Change in the United States is expected to be -5.00 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 4.00 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 2022 and 0.50 BBL/1Million in 2023, according to our econometric models.