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United States Crude Oil Stocks Change

US crude oil inventories unexpectedly fell by 3.394 million barrels in the week ended May 13th, after an 8.487-million-barrel addition in the previous week and compared to market expectations of a 1.383 million rise. Also, crude stocks at Cushing, Oklahoma, delivery hub fell by 2.403 million barrels, after a 1.379-million-barrel increase. Meanwhile, gasoline stocks shrank by 4.779 million barrels, the most since mid-October 2021 and much more than forecasts of a 1.333 million barrel drop; and inventories of distillate fuels, which include diesel and heating oil, went up 1.235 million barrels. 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 May of 2022.

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. 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.