US crude oil inventories went down by 0.215 million barrels in the week ended September 23rd, compared with market expectations of a 0.443-million-barrel increase, according to EIA's latest report. That was mainly due to reduced refining activity after several outages. Also, gasoline stocks fell by 2.422 million barrels, versus forecast for a 0.709 million injection and distillate stockpiles, which include diesel and heating oil, declined 2.892 million barrels, more than the forecast of a 0.069 million draw. Meanwhile, crude stocks at Cushing, Oklahoma, went up by 0.692 million barrels, following a 0.343 million increase. source: U.S. Energy Information Administration
Crude Oil Stocks Change in the United States averaged 0.05 BBL/1Million from 1982 until 2022, reaching an all time high of 21.56 BBL/1Million in February of 2021 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 October of 2022.
Crude Oil Stocks 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. In the long-term, the United States Crude Oil Stocks Change is projected to trend around 2.60 BBL/1Million in 2023, according to our econometric models.