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US Crude Oil Stocks Seen Down 1.5m bbl: WSJ

OIL
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US crude oil inventories are expected to have fallen for a second consecutive week, along with a draw in gasoline stocks, according to a WSJ survey of nine analysts and traders.

  • Crude oil inventories are seen to have fallen 1.5m bbl in the week ending Apr. 26. Responses ranged from -4.6m bbl to +1.5m bbl.
  • Gasoline inventories are expected to have seen a draw of 1.2m bbl. Responses ranged from -2.2m bbl to -0.6m bbl.
  • Distillate inventories, mainly diesel, are seen with a build of 0.4m bbl. Responses ranged from -2m bbl to +2.4m bbl
  • Refinery capacity use is projected to be up 0.5 percentage points to 89%.
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US crude oil inventories are expected to have fallen for a second consecutive week, along with a draw in gasoline stocks, according to a WSJ survey of nine analysts and traders.

  • Crude oil inventories are seen to have fallen 1.5m bbl in the week ending Apr. 26. Responses ranged from -4.6m bbl to +1.5m bbl.
  • Gasoline inventories are expected to have seen a draw of 1.2m bbl. Responses ranged from -2.2m bbl to -0.6m bbl.
  • Distillate inventories, mainly diesel, are seen with a build of 0.4m bbl. Responses ranged from -2m bbl to +2.4m bbl
  • Refinery capacity use is projected to be up 0.5 percentage points to 89%.