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OIL: US Crude Stocks Seen Building 7.9m bbl Last Week: Macquarie

OIL

US crude stocks likely built by 7.9m bbl in the week to March 7, according to Macquarie, cited by Rigzone.

  • Net imports are seen up 1.1m b/d, while nominal supply is seen down 0.2m b/d.
  • There is a forecasted 0.6m bbl  increase in the SPR stocks on the week.
  • Refinery runs are seen up 0.2 percentage points.
  • Preliminary estimates for the gasoline stock change a 1.4m bbl draw on the week.
  • Distillates are seen up 0.4m bbl, while jet fuel is forecast to rise by 0.5m bbl.
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US crude stocks likely built by 7.9m bbl in the week to March 7, according to Macquarie, cited by Rigzone.

  • Net imports are seen up 1.1m b/d, while nominal supply is seen down 0.2m b/d.
  • There is a forecasted 0.6m bbl  increase in the SPR stocks on the week.
  • Refinery runs are seen up 0.2 percentage points.
  • Preliminary estimates for the gasoline stock change a 1.4m bbl draw on the week.
  • Distillates are seen up 0.4m bbl, while jet fuel is forecast to rise by 0.5m bbl.