Stocks of crude oil in the United States tumbled by 6.108 million barrels in the week ended September 17th of 2021, following a 5.437 million barrels drop in the previous week, above market expectations of a 2.400 million decline. It was the biggest draw since the week ended on July 2nd, 2021 marking the eighth straight weekly decline. source: American Petroleum Institute (API)
API Crude Oil Stock Change in the United States averaged 0.20 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 September 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. 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.