United States Weekly Crude Oil Production
United States · Monthly series · EC-US-WCOP
Latest, November 2026
14,013,000.0 pts
+0.1% from October 2026
Forecast
Forecast for November 2027: 14,232,908.0 pts, with an 80% interval of 12,543,838.8 pts to 15,743,287.3 pts.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| December 2026 | 14,077,842.0 pts | 13,819,939.9 pts | 14,356,097.2 pts |
| January 2027 | 14,101,316.0 pts | 13,578,897.1 pts | 14,591,621.6 pts |
| February 2027 | 14,115,214.0 pts | 13,485,207.4 pts | 14,680,256.1 pts |
| March 2027 | 14,128,096.0 pts | 13,515,572.9 pts | 14,641,458.2 pts |
| April 2027 | 14,133,862.0 pts | 13,372,881.1 pts | 14,828,481.9 pts |
| May 2027 | 14,159,650.0 pts | 13,360,125.9 pts | 14,880,345.4 pts |
| June 2027 | 14,168,961.0 pts | 13,361,240.8 pts | 14,846,354.7 pts |
| July 2027 | 14,169,714.0 pts | 13,415,182.4 pts | 14,864,690.8 pts |
| August 2027 | 14,200,858.0 pts | 12,732,557.1 pts | 15,380,994.0 pts |
| September 2027 | 14,205,644.0 pts | 12,520,875.3 pts | 15,689,114.4 pts |
| October 2027 | 14,230,930.0 pts | 12,286,954.3 pts | 15,847,586.6 pts |
| November 2027 | 14,232,908.0 pts | 12,543,838.8 pts | 15,743,287.3 pts |
AI confidence
Needs refreshThe data refresh is due. Confidence will be reassessed against the refreshed history.
Model: State-space model, 167M (foundation model)
- Accuracy vs naive
- n/aNot evaluated
- Direction
- n/aNot evaluated
- Turning points
- n/aNot evaluated
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Previous comparisonThe stored comparison uses earlier data or a previous model roster. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Models tested
State-space model, 167M scored lowest on the 6 older tests (0.97) and was chosen. The 6 recent tests played no part in the choice and give its grade (1.41). The search for a model that beats the naive forecast on both sets of tests goes on. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Foundation model, Machine learning, Statistical, Neural network. Previous model roster.
| Model | Class and compute | Older tests | Recent tests | Role |
|---|---|---|---|---|
| State-space model, 167M (foundation model) | Foundation model · CPU | 0.97 | 1.41 | Serving |
| Gradient-boosted trees (machine learning) | Machine learning · CPU | 0.99 | 1.44 | Tested |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Agentic Investor TSFM (foundation model) | Foundation model · CPU | 1.00 | 0.98 | Tested |
| Exponential smoothing (statistical) | Statistical · CPU | 1.09 | 1.33 | Tested |
| Hierarchical neural network (neural network) | Neural network · CPU | 1.46 | 6.20 | Tested |
Reading
That is the highest of the 120 readings since December 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| November 2026 | 14,013,000.0 pts |
| October 2026 | 14,003,000.0 pts |
| September 2026 | 13,955,000.0 pts |
| August 2026 | 13,862,000.0 pts |
| July 2026 | 13,804,000.0 pts |
| June 2026 | 13,810,000.0 pts |
| May 2026 | 13,707,000.0 pts |
| April 2026 | 13,586,000.0 pts |
| March 2026 | 13,657,000.0 pts |
| February 2026 | 13,696,000.0 pts |
| January 2026 | 13,215,000.0 pts |
| December 2025 | 13,827,000.0 pts |
| November 2025 | 13,815,000.0 pts |
| October 2025 | 13,651,000.0 pts |
| September 2025 | 13,505,000.0 pts |
| August 2025 | 13,423,000.0 pts |
| July 2025 | 13,314,000.0 pts |
| June 2025 | 13,433,000.0 pts |
| May 2025 | 13,408,000.0 pts |
| April 2025 | 13,465,000.0 pts |
| March 2025 | 13,580,000.0 pts |
| February 2025 | 13,508,000.0 pts |
| January 2025 | 13,478,000.0 pts |
| December 2024 | 13,573,000.0 pts |
Source
Data: public market data feeds.
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