Loading page content
Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS World Crude Oil Consumption Forecast held to 107.23 Million Barrels/Day in November 2027
U.S. Energy Information AdministrationMonthlyReleased December 2027
US World Crude Oil Consumption Forecast held to 107.23 Million Barrels/Day in November 2027, released December 2027.
Latest Release
107.232452
Actual
—
Consensus
—
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 |
|---|---|---|---|---|---|
| GOOGL | ▼ Inverse | −0.42 | STOCKS | Bearish GOOGL | → View |
| AUD/USD | ▲ Direct | +0.41 | FOREX | Bullish AUD | → View |
| USD/CAD | ▼ Inverse | −0.37 | FOREX | Bearish USD | → View |
| NZD/USD | ▲ Direct | +0.31 | FOREX | Bullish NZD | → View |
| S&P 500 | ▼ Inverse | −0.27 | INDEX | Bearish S&P 500 | → 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 107.23 Million Barrels/Day in November 2027. Over the past 12 months, the indicator has averaged 105.63 Million Barrels/Day, ranging from 103.11 Million Barrels/Day to 107.81 Million Barrels/Day across 31 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 106.81 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 higher than the prior year (σ 0.66 Million Barrels/Day). In December readings over the past 3 years, World Crude Oil Consumption Forecast has averaged 105.20 Million Barrels/Day.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GOOGL (Bearish GOOGL). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago Fed National Activity Index (May 25) and Chicago Fed National Activity Index (May 26).
Auto-generated from current model state · Refreshes on each release · Last update December 2027.
SHARE
World Crude Oil Consumption Forecast - US
Loading chart data...
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 107.2 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 GOOGL (Bearish GOOGL, r=-0.42) — a useful reference for stocks-focused traders.