Portland Cement Stocks for United States
Millions of Barrels, Seasonally Adjusted
M0526CUSM386SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.14
Year-over-Year Change
2.16%
Date Range
2/1/1911 - 12/1/1940
Summary
This economic indicator measures the seasonally adjusted volume of crude oil stored in the United States, providing insight into supply and demand dynamics in the energy market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Millions of Barrels, Seasonally Adjusted trend tracks the total amount of crude oil held in stockpiles across the country. It is a closely watched metric used by economists, policymakers, and industry analysts to assess the balance between oil production, consumption, and storage levels.
Methodology
The data is collected and compiled by the U.S. Energy Information Administration.
Historical Context
Changes in oil inventories can influence energy prices, market sentiment, and policies related to strategic petroleum reserves.
Key Facts
- The U.S. has the largest strategic petroleum reserve in the world.
- Crude oil inventories are a key indicator of supply and demand balance.
- Inventory levels can impact global oil prices and energy market volatility.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total volume of crude oil stored in stockpiles across the United States, providing insight into the supply and demand dynamics of the energy market.
Q: Why is this trend relevant for users or analysts?
A: Changes in oil inventory levels can significantly impact energy prices, market sentiment, and policies related to strategic petroleum reserves, making this a closely watched economic indicator.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor crude oil inventories to assess the balance between supply and demand, which can inform decisions related to the management of strategic petroleum reserves and energy policies.
Q: Are there update delays or limitations?
A: The data is released on a weekly basis, with some potential for minor delays or revisions in the reported figures.
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Citation
U.S. Federal Reserve, Millions of Barrels, Seasonally Adjusted (M0526CUSM386SNBR), retrieved from FRED.