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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS World Crude Oil Consumption Forecast held to 106.64 Million Barrels/Day in November 2027
U.S. Energy Information AdministrationMonthlyReleased December 2027
US World Crude Oil Consumption Forecast held to 106.64 Million Barrels/Day in November 2027, released December 2027.
Latest Release
106.635925
Actual
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Consensus
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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 | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.58 | CRYPTO | Moves against | → View |
| GOOGL | ▼ Inverse | −0.32 | STOCKS | Moves against | → View |
| USD/CAD | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
World Crude Oil Consumption Forecast (United States) was reported at 106.64 Million Barrels/Day in November 2027. Over the past 12 months, the indicator has averaged 105.70 Million Barrels/Day, ranging from 103.11 Million Barrels/Day to 107.81 Million Barrels/Day across 27 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 106.61 Million Barrels/Day, down from the prior three at 107.42 Million Barrels/Day. Volatility over the past year (σ 1.25 Million Barrels/Day) is comparable than the prior year (σ 1.16 Million Barrels/Day). In December readings over the past 3 years, World Crude Oil Consumption Forecast has averaged 105.08 Million Barrels/Day.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with GOOGL, negatively correlated (Bearish GOOGL).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include OPEC Meeting (Sep 6) and MBA 30-Year Mortgage Rate (Sep 9).
Auto-generated from current model state · Refreshes on each release · Last update December 2027.
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World Crude Oil Consumption Forecast - US
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About World Crude Oil Consumption Forecast — United States
WHY THIS INDICATOR MATTERS
Energy-supply and inventory data shape commodity-curve positioning and feed through to headline inflation and consumer-discretionary spending. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2027): actual 106.6 Million Barrels/Day. Prior reading (Nov 2027): 107 Million Barrels/Day. Before that (Oct 2027): 106.2 Million Barrels/Day.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.58) — a useful reference for crypto-focused traders.
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Economic Calendar - US Events
| Friday, September 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Average Hourly Earnings YoY | 3.1 | 3.2 | 3 | 3.05 | Medium |
| 12:30 | US | Participation Rate | 61.6 | 61.4 | 61.4 | 61.50 | Medium |
| 12:30 | US | Average Weekly Hours | 34.4 | 34.3 | 34.3 | 34.35 | Low |
| 12:30 | US | Average Hourly Earnings MoM | 0.3 | 0.2 | 0.3 | 0.30 | Medium |
| 12:30 | US | Government Payrolls | 35 | -50 | -11 | 12.00 | Low |
| 12:30 | US | Manufacturing Payrolls | 16 | 14 | 5 | 10.50 | Low |
| 12:30 | US | Non Farm Payrolls | 162 | 21 | 56 | 109.00 | High |
| 12:30 | US | Unemployment Rate | 4.1 | 4.1 | 4.1 | 4.10 | High |
| 12:30 | US | Nonfarm Payrolls Private | 127 | 71 | 45 | 86.00 | High |
| 12:30 | US | U-6 Unemployment Rate | 7.7 | 7.9 | 8 | 7.85 | High |
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | US | NFIB Business Optimism Index | 99.8 | 99.3 | 98.95 | Low | |
| 15:00 | US | Consumer Inflation Expectation | 3.6 | 3.6 | 3.45 | Low | |
| 15:30 | US | 3-Month Bill Auction | 3.77 | 3.709 | 3.71 | Low | |
| 19:00 | US | Consumer Credit Change | 14.17 | 11.3 | 11.30 | Low | |