U.S. Crude-Oil Inventories Likely to Fall in DOE Data, Analysts Say
By Dan Molinski
U.S. crude-oil stockpiles are expected to decrease from the
previous week in data due Wednesday from the U.S. Energy
Department, according to a survey of analysts and traders by The
Wall Street Journal.
Estimates from 11 analysts and traders showed U.S. oil
inventories are projected to have fallen by 2.5 million barrels in
the week ended Sept. 10, with nine analysts forecasting a decline
and two expecting an increase. The forecasts ranged from a decline
of 5 million barrels to an increase of 2 million barrels.
The closely watched survey from the DOE's Energy Information
Administration is scheduled for release at 10:30 a.m. ET
Gasoline stockpiles are expected to fall by 2.3 million barrels
from the previous week, according to analysts. Estimates range from
a decrease of 6.3 million barrels to an increase of 2 million
Stocks of distillates, which include heating oil and diesel, are
expected to fall 1.7 million barrels from the previous week.
Forecasts range from a decrease of 4 million barrels to an increase
of 2.5 million barrels.
Refinery use likely rose by 2.4 percentage points to 84.3% of
capacity. Forecasts range from a decline of 5 percentage points to
an increase of 10 percentage points. Two analysts didn't make a
Crude Gasoline Distillates Use
Again Capital -3.9 -2.8 -1.9 -0.8
Citi Futures -3.5 -2.5 -1.5 1
Commodity Research Group -5 -1 -1 3
Confluence Investment Management -4 1.5 -1 2
DTN 1.2 -2.4 -1.3 3
Excel Futures -4.2 -6.3 -3.4 5.4
Spartan Capital Securities -1.6 -2.3 -2.9 n/f
Mizuho 2 -3 -2 3
Price Futures Group -4 -5 -4 -5
Ritterbusch and Associates -2 2 2.5 10
Tradition Energy -3 -3 -2 n/f
AVERAGE -2.5 -2.3 -1.7 2.4
Note: Numbers in millions of barrels, with the exception of
refinery use, which is in percentage points.
n/f = no forecast
Write to Dan Molinski at email@example.com
(END) Dow Jones Newswires
September 14, 2021 13:47 ET (17:47 GMT)
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