Between 6 January 2023 and 29 December 2023, what will be the highest four-week average of US field production of crude oil?

Started Jan 06, 2023 06:00PM UTC
Closing Dec 30, 2023 08:01AM UTC

Oil prices have fallen from historic highs reached after Russia's invasion of Ukraine, but the Biden administration is pushing for more domestic production (Axios, US News & World Report, NASDAQ). The outcome will be determined using the "4-Week Avg U.S. Field Production of Crude Oil" data (which is displayed in thousands of barrels per day) as reported by the Energy Information Administration (EIA) (EIA). A weekly figure must have its "End Date" between 6 January 2023 and 29 December 2023 to count. On 6 December 2022, the EIA forecasted domestic production would increase to 12.34 million barrels per day in 2023 (EIA Short-term Energy Outlook - December 2022).

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Possible Answer Crowd Forecast Change in last 24 hours Change in last week Change in last month
Less than 12,000 thousand b/d 0.00% +0.00% +0.00% -1.00%
Between 12,000 and 12,400 thousand b/d, inclusive 6.00% +0.00% +0.12% +6.00%
More than 12,400 but less than 12,800 thousand b/d 0.00% +0.00% +0.00% +0.00%
Between 12,800 and 13,200 thousand b/d, inclusive 25.00% +0.00% -1.94% -25.00%
More than 13,200 thousand b/d 69.00% +0.00% +1.82% +20.00%

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