What will be the ending stocks of crude oil in the US Strategic Petroleum Reserve (SPR) in November 2023?
Closing Dec 01, 2023 08:01AM UTC
With US oil stockpiles in the SPR down 42% since President Biden took office, Republicans and Democrats are fighting over what to do next (Politico, The Hill, Department of Energy). The question will be suspended on 30 November 2023 and the outcome determined using data as reported by the US Energy Information Administration (EIA) when first released for November 2023, expected in January 2024 (EIA). For November 2022, ending stocks totaled 388,419 thousand barrels.
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|Possible Answer||Crowd Forecast||Change in last 24 hours||Change in last week||Change in last month|
|Less than 330,000 thousand barrels||3.70%||+0.00%||-0.10%||-5.20%|
|Between 330,000 thousand barrels and 370,000 thousand barrels, inclusive||36.20%||+0.00%||+1.10%||+7.20%|
|More than 370,000 thousand barrels but less than 410,000 thousand barrels||47.40%||+0.00%||+0.40%||+3.80%|
|Between 410,000 thousand barrels and 450,000 thousand barrels, inclusive||11.50%||+0.00%||-1.40%||-4.20%|
|More than 450,000 thousand barrels||1.20%||+0.00%||+0.00%||-1.60%|