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US Crude Stocks Seen Down 1.1m bbl in Week to July 4: WSJ

OIL
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US crude oil inventories are expected to have fallen by 1.1m bbl in the week to July 5, according to a WSJ survey of seven analysts and traders, amid boosted travel during the Independence Day holiday.

  • Four respondents expected a crude draw, and three predicted a build. Responses ranged from -4.5m bbl to +2.0m bbl.
  • Gasoline inventories are expected to have fallen by 1.4m bbl. Responses ranged from -3.0m bbl to +0.5m bbl.
  • Distillate inventories, mainly diesel, are seen with a rise of 0.2m bbl. Responses ranged from -3m bbl to +2.4m bbl
  • Refinery capacity use is projected to be unchanged at 93.5%.
  • The official figures will be released by the EIA at 10:30 ET July 10.
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US crude oil inventories are expected to have fallen by 1.1m bbl in the week to July 5, according to a WSJ survey of seven analysts and traders, amid boosted travel during the Independence Day holiday.

  • Four respondents expected a crude draw, and three predicted a build. Responses ranged from -4.5m bbl to +2.0m bbl.
  • Gasoline inventories are expected to have fallen by 1.4m bbl. Responses ranged from -3.0m bbl to +0.5m bbl.
  • Distillate inventories, mainly diesel, are seen with a rise of 0.2m bbl. Responses ranged from -3m bbl to +2.4m bbl
  • Refinery capacity use is projected to be unchanged at 93.5%.
  • The official figures will be released by the EIA at 10:30 ET July 10.