US crude oil inventories rose by 5.458 million barrels to 432 million barrels in the week ended August 5th, the highest since December 2021, while markets were expecting a smaller 0.073-million-barrel increase. Crude stocks at Cushing, Oklahoma, increased by 0.723 million barrels, following a 0.926-million-barrel injection in the previous period. Distillate stockpiles, which include diesel and heating oil, climbed by 2.166 million barrels to 111.5 million barrels, against forecasts for a 0.667 million decrease. Meanwhile, gasoline stocks fell by 4.978 million barrels to 220.3 million barrels, compared to expectations of a 0.633 million decrease. 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 August 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.