U.S. Crude-Oil Stockpiles Likely Decreased in DOE Data, Analysts Say

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by Dan Molinsky

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According to a survey of analysts and traders from the Wall Street Journal, data from the US Department of Energy on Wednesday expects US crude reserves to decrease compared to the previous week.

Estimates from 11 analysts and traders showed that US oil inventories for the week ended December 3 are forecast to fall by 1.3 million barrels, with nine analysts predicting a decrease and two analysts predicting an increase. The forecast ranged from a reduction of 3.5 million barrels to an increase of 2 million barrels.

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The closely watched survey by DOE’s Energy Information Administration is scheduled for release Wednesday at 10:30 a.m. EST.

According to analysts, petrol stockpiles are expected to increase by 1.7 million barrels as compared to the previous week. Estimates range from a decrease of 2 million barrels to an increase of 3 million barrels.

Stocks of distillate, which include heating oil and diesel, are expected to rise 1.2 million barrels over the past week. Forecasts range from a decrease of 2 million barrels to an increase of 3 million barrels.

Refinery utilization is expected to rise 0.5 percent from last week to 89.3% of capacity. Forecasts range from an increase of 0.2 percentage points to 1 percentage point. Two analysts did not make any predictions.

Refinery Crude Gasoline Distillates Use Again Capital -1.4 2.2 -0.9 0.3 Citi Futures -3.5 2.5 2.5 1 Commodity Research Group -2.1 2 0.4 0.7 Confluence Investment Management 2 3 2 0.5 DTN -1.1 0.4 1.2 0.2 Excel Futures -1.4 1.1 2.7 0.4 Spartan Capital Securities -1.5 2.1 0.8 n/f Mizuho 1 2 1 0.3 Price Futures Group -2 -2 -2 1 Ritterbusch and Associates -3 2.5 3.0 0.3 Tradition Energy -1.5 3 2.5 n/f AVERAGE -1.3 1.7 1.2 0.5

n/f = no prediction

Note: Excluding refinery use, which is in percentage points, the number is in millions of barrels.

Write to Dan Molinski at [email protected]

(adds API data)

by Dan Molinsky

According to a survey of analysts and traders from the Wall Street Journal, data from the US Department of Energy on Wednesday expects US crude reserves to decrease compared to the previous week.

Estimates from 11 analysts and traders showed that US oil inventories for the week ended December 3 are forecast to drop by 1.3 million barrels, with nine analysts predicting a decrease and two analysts predicting an increase. The forecast ranged from a reduction of 3.5 million barrels to an increase of 2 million barrels.

The closely watched survey by DOE’s Energy Information Administration is scheduled for release Wednesday at 10:30 a.m. EST.

According to analysts, petrol stockpiles are expected to increase by 1.7 million barrels as compared to the previous week. Estimates range from a decrease of 2 million barrels to an increase of 3 million barrels.

Stocks of distillate, which include heating oil and diesel, are expected to rise 1.2 million barrels over the past week. Forecasts range from a decrease of 2 million barrels to an increase of 3 million barrels.

Refinery utilization is expected to rise 0.5 percent from last week to 89.3% of capacity. Forecasts range from an increase of 0.2 percentage points to 1 percentage point. Two analysts did not make any predictions.

The American Petroleum Institute, an industry group, said late Tuesday that its figures for the week included a 3.1-million-barrel reduction in crude supplies, a 3.7-million-barrel rise in gasoline stocks and a 1.2-million-barrel drop in distillate inventories. increase has been observed. a source.

Refinery Crude Gasoline Distillates Use Again Capital -1.4 2.2 -0.9 0.3 Citi Futures -3.5 2.5 2.5 1 Commodity Research Group -2.1 2 0.4 0.7 Confluence Investment Management 2 3 2 0.5 DTN -1.1 0.4 1.2 0.2 Excel Futures -1.4 1.1 2.7 0.4 Spartan Capital Securities -1.5 2.1 0.8 n/f Mizuho 1 2 1 0.3 Price Futures Group -2 -2 -2 1 Ritterbusch and Associates -3 2.5 3.0 0.3 Tradition Energy -1.5 3 2.5 n/f AVERAGE -1.3 1.7 1.2 0.5

n/f = no prediction

Note: Excluding refinery use, which is in percentage points, the number is in millions of barrels.

Write to Dan Molinski at [email protected]

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