Crude stocks in the US continued to fall last week and are now at a multi-year low for this time of year. The sharp drop in product stocks points to panic buying by consumers, while domestic crude output has flatlined and net crude imports are trending lower. Given little evidence of a change on any of these fronts, crude stocks are likely to sink even lower in the weeks ahead.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services