Save US Crude Oil Net Imports
The US is the biggest oil-consumer and supplier whose oil ex/imports reflect changes in the global supply/demand oil.
Net Imports = Imports - Exports
The US imports increase or exports decrease → Net imports rise and oil price rises, too
The US imports decrease or exports increase → Net imports declines and oil price declines, too
Since the US began producing shale oil in 2008, net imports declined.
US Crude Oil Net Imports (4-week MA, L)2021 W423,658.00 k
NYMEX WTI Crude Oil Futures Price (R)2021-10-2782.23