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Data from U.S. Energy Information Administration. Forecasts by Sigmanomics Forecast Engine.
United StatesUS World Crude Oil Production Forecast held to 111.25 Million Barrels/Day in November 2027
U.S. Energy Information AdministrationMonthlyReleased December 2027
US World Crude Oil Production Forecast held to 111.25 Million Barrels/Day in November 2027, released December 2027.
Latest Release
111.249367
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 |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.38 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.36 | INDEX | Moves with | → View |
| USD/CAD | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.28 | COMMODITIES | Moves with | → View |
| USD/CHF | ▼ Inverse | −0.27 | 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 Production Forecast (United States) was reported at 111.25 Million Barrels/Day in November 2027. Over the past 12 months, the indicator has averaged 108.37 Million Barrels/Day, ranging from 101.82 Million Barrels/Day to 111.25 Million Barrels/Day across 29 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 110.71 Million Barrels/Day, up from the prior three at 109.86 Million Barrels/Day. Volatility over the past year (σ 1.87 Million Barrels/Day) is higher than the prior year (σ 1.29 Million Barrels/Day). In December readings over the past 3 years, World Crude Oil Production Forecast has averaged 107.23 Million Barrels/Day.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
Auto-generated from current model state · Refreshes on each release · Last update December 2027.
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World Crude Oil Production Forecast - US
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About World Crude Oil Production 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 111.2 Million Barrels/Day. Prior reading (Nov 2027): 110.6 Million Barrels/Day. Before that (Oct 2027): 110.3 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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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