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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS EIA Crude Oil Imports fell to -0.6M in December 2019
FMPMonthlyReleased January 2020
US EIA Crude Oil Imports fell to -0.6M in December 2019, released January 2020, down 2.37M from November's 1.78M reading.
Latest Release
-0.595000
Actual
—
Consensus
1.776000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
EIA Crude Oil Imports (United States) was reported at -0.60 million in January 2020. The reading fell from the previous value of 1.78 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update January 2020.
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EIA Crude Oil Imports - US
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About EIA Crude Oil Imports — United States
DEFINITION
The EIA Crude Oil Imports is a financial indicator that measures the amount of crude oil imported into a country. It is calculated by the Energy Information Administration (EIA) and is used to track the level of foreign oil dependence and its impact on the economy. This indicator is closely monitored by investors, policymakers, and energy analysts as it provides valuable insights into the supply and demand dynamics of the global oil market. It is a key factor in understanding the overall health and stability of a country's energy sector and its potential impact on economic growth.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2020): actual -0.595 M. Prior reading (Jan 2020): 1.776 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.