US crude oil stocks slumped by 7.373 million barrels in the week ended July 31st, 2020, after a 10.612 million decrease in the previous period and compared to market expectations of a 3.001 million drop, according to the EIA Petroleum Status Report. Meantime, gasoline inventories rose by 0.419 million barrels, while markets had forecast a 0.170 million fall.

Crude Oil Stocks Change in the United States averaged 0.10 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 August of 2020. source: U.S. Energy Information Administration

Crude Oil Stocks Change in the United States is expected to be 3.00 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 10.00 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.

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United States Crude Oil Stocks Change

Actual Previous Highest Lowest Dates Unit Frequency
-7.37 -10.61 19.25 -15.22 1982 - 2020 BBL/1Million Weekly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 02:30 PM 10/Jul -7.493M 5.654M -2.098M
2020-07-22 02:30 PM 17/Jul 4.892M -7.493M -2.088M
2020-07-29 02:30 PM 24/Jul -10.612M 4.892M 0.357M
2020-08-05 02:30 PM 31/Jul -7.373M -10.612M -3.001M
2020-08-12 02:30 PM 07/Aug -7.373M
2020-08-19 02:30 PM 14/Aug
2020-08-26 02:30 PM 21/Aug
2020-09-02 02:30 PM 28/Aug


News Stream
US Crude Inventories Fall More than Expected
US crude oil stocks slumped by 7.373 million barrels in the week ended July 31st, 2020, after a 10.612 million decrease in the previous period and compared to market expectations of a 3.001 million drop, according to the EIA Petroleum Status Report. Meantime, gasoline inventories rose by 0.419 million barrels, while markets had forecast a 0.170 million fall.
2020-08-05
US Crude Stocks Fall the Most for 7 Months
US crude oil stocks slumped by 10.612 million barrels in the week ended July 24th, 2020, after a 4.892 million increase in the previous period and compared with market expectations of a 0.357 million advance, according to the EIA Petroleum Status Report. That was the largest decline in crude inventories since December 27th, 2019. Meantime, gasoline inventories rose by 0.654 million barrels, while markets had forecast a 0.733 million fall.
2020-07-29
US Crude Inventories Rise Unexpectedly
US crude oil stocks rose by 4.892 million barrels in the week ended July 17th, 2020, after posting the largest decline since December in the previous period and compared with market expectations of a 2.088 million decrease, according to the EIA Petroleum Status Report. Meantime, gasoline inventories dropped by 1.802 million barrels, while markets had forecast a smaller 1.386 million barrels fall.
2020-07-22
US Crude Stocks Fall the Most for Over 6 Months
US crude oil stocks fell by 7.493 million barrels in the week ended July 10th, 2020, after a 5.654 million increase in the previous period and compared with market expectations of a 2.098 million decrease, according to the EIA Petroleum Status Report. That was the largest decline in crude inventories since the week ended December 27th, 2019. Meantime, gasoline inventories dropped by 3.147 million barrels, while markets had forecast a smaller 0.643 million barrels fall.
2020-07-15

United States Crude Oil Stocks Change
Stocks of crude oil refer to the weekly change of the crude oil supply situation.