Crude Petroleum Stocks for United States
Millions of Barrels
M05F3BUSM386NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276.00
Year-over-Year Change
5.87%
Date Range
1/1/1938 - 11/1/1956
Summary
This economic trend measures the total volume of crude oil in millions of barrels stored in commercial inventories in the United States. It is a key indicator of energy supply and demand that informs policymakers and analysts.
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 trend tracks the total volume of crude oil held in commercial storage facilities across the United States. This metric provides insight into the supply-and-demand dynamics of the domestic energy market and is closely watched by economists, energy analysts, and policymakers.
Methodology
The data is collected and reported weekly by the U.S. Energy Information Administration.
Historical Context
Changes in Millions of Barrels can impact energy prices, production, and trade policies.
Key Facts
- U.S. commercial crude oil inventories averaged 439 million barrels in 2022.
- Crude oil inventories can fluctuate significantly based on production, imports, and consumption.
- The all-time high for U.S. commercial crude oil inventories was 543 million barrels in 2017.
FAQs
Q: What does this economic trend measure?
A: The Millions of Barrels trend measures the total volume of crude oil held in commercial storage facilities across the United States.
Q: Why is this trend relevant for users or analysts?
A: Changes in crude oil inventories provide important insights into the supply-and-demand dynamics of the energy market, which is crucial information for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported weekly by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Fluctuations in Millions of Barrels can inform energy, trade, and economic policies related to production, consumption, and prices.
Q: Are there update delays or limitations?
A: The data is updated weekly, but there may be occasional delays or revisions due to the complexities of measuring national crude oil inventories.
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Citation
U.S. Federal Reserve, Millions of Barrels (M05F3BUSM386NNBR), retrieved from FRED.