When will the four-week average of US field production of crude oil reach or exceed 14 million barrels per day (b/d)?
Closing Dec 28, 2024 08:01AM UTC
Despite ongoing sanctions and conflict among some OPEC+ members, oil prices started 2024 relatively low as the US continues to produce at record levels (PBS, NASDAQ, Oil Price, EIA - Short-Term Energy Outlook). 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 by week "End Date") as reported by the Energy Information Administration (EIA) (EIA).
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| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week | Change in last month |
|---|---|---|---|---|
| Before 10 May 2024 | 0% | 0% | 0% | -1.90% |
| Between 10 May 2024 and 30 August 2024 | 8.30% | 0% | +0.50% | -1.50% |
| Between 31 August 2024 and 27 December 2024 | 18.00% | 0% | -3.10% | -0.60% |
| Not before 28 December 2024 | 73.70% | 0% | +2.60% | +4.00% |