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.