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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 106.47 Million Barrels/Day in November 2027
U.S. Energy Information AdministrationMonthlyReleased December 2027
US World Crude Oil Consumption Forecast held to 106.47 Million Barrels/Day in November 2027, released December 2027.
Latest Release
106.469295
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 | −0.44 | CRYPTO | Moves against | → View |
| GOOGL | ▼ Inverse | −0.42 | 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 106.47 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 29 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 106.56 Million Barrels/Day, down from the prior three at 107.42 Million Barrels/Day. Volatility over the past year (σ 1.24 Million Barrels/Day) is higher than the prior year (σ 0.99 Million Barrels/Day). In December readings over the past 3 years, World Crude Oil Consumption Forecast has averaged 105.04 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 API Crude Oil Stock Change (Jul 21) and MBA 30-Year Mortgage Rate (Jul 22).
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 106.5 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=-0.44) — a useful reference for crypto-focused traders.
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