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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 106.33 Million Barrels/Day in November 2027
U.S. Energy Information AdministrationMonthlyReleased December 2027
US World Crude Oil Consumption Forecast held to 106.33 Million Barrels/Day in November 2027, released December 2027.
Latest Release
106.330150
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 | −0.53 | CRYPTO | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.33 | FOREX | Moves against | → View |
| USD/CAD | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.29 | INDEX | Moves against | → View |
| GOOGL | ▼ Inverse | −0.27 | STOCKS | 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 106.33 Million Barrels/Day in November 2027. Over the past 12 months, the indicator has averaged 105.75 Million Barrels/Day, ranging from 103.11 Million Barrels/Day to 107.81 Million Barrels/Day across 26 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 106.51 Million Barrels/Day, down from the prior three at 107.42 Million Barrels/Day. Volatility over the past year (σ 1.23 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 105.02 Million Barrels/Day.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with USD/JPY, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Oct 21) and EIA Gasoline Stocks Change (Oct 21).
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 106.3 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=-0.53) — a useful reference for crypto-focused traders.
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Economic Calendar - US Events
| Tuesday, October 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Housing Starts | 1.221 | 1.288 | 1.3 | 1.26 | High |
| 12:30 | US | Housing Starts MoM | -5.2 | -5.9 | 1.9 | -1.65 | Medium |
| 12:30 | US | Building Permits | 1.4 | 1.403 | 1.39 | 1.39 | High |
| 12:30 | US | Building Permits MoM | -0.2 | -2.1 | -0.7 | -0.47 | Medium |
| 14:00 | US | Pending Home Sales YoY | -11.3 | -4.7 | 1 | -5.15 | Medium |
| 14:00 | US | Pending Home Sales MoM | -7.3 | 0.3 | -0.5 | -3.90 | Medium |
| 20:30 | US | API Crude Oil Stock Change | -4.93 | -11.12 | -1.3 | -3.12 | Medium |
| Wednesday, October 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 14:30 | US | EIA Gasoline Stocks Change | 3.518 | -0.4 | -0.40 | Medium | |
| 14:30 | US | EIA Crude Oil Stocks Change | -8.557 | -0.1 | -0.10 | Medium | |
| 14:30 | US | EIA Distillate Stocks Change | -2.527 | -1.2 | -1.20 | Low | |
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Jobless Claims 4-Week Average | 198.5 | 200 | 197.25 | High | |
| 12:30 | US | Continuing Jobless Claims | 1710 | 1720 | 1713.50 | High | |
| 12:30 | US | Initial Jobless Claims | 199 | 200 | 187.50 | High | |
| 14:00 | US | Leading Index MoM | -0.1 | -0.1 | -0.10 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 14 | 11 | 11.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 20 | 18 | 21.00 | Low | |