US crude oil inventories dropped by 7.99 million barrels in the April 30th week, the largest decline since mid-January and compared with market forecasts of a 2.346 million fall, according to the EIA Petroleum Status Report. Meantime, gasoline inventories were up by 0.737 million barrels, defying market expectations of a 0.652 million decrease. source: U.S. Energy Information Administration
Crude Oil Stocks Change in the United States averaged 0.08 BBL/1Million from 1982 until 2021, 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 May of 2021.
Crude Oil Stocks Change in the United States is expected to be 10.00 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 2022, according to our econometric models.