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US Crude Stocks Seen Down 1.2m bbl in Week to July 19: WSJ

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US crude oil inventories are expected to have fallen by 1.2m bbl in the week to July 19, according to a WSJ survey of nine analysts and traders.

  • Six respondents expected a crude draw, and three predicted a build. Responses ranged from -3.6m bbl to +2.2m bbl.
  • This is a smaller draw than estimated in other surveys: Reuters (-2.5m bbl) and Platts (-2.7m bbl).
  • Gasoline inventories are expected to have fallen by 0.7m bbl. Responses ranged from -2.8m bbl to +2.5m bbl.
  • Distillate inventories, mainly diesel, are seen up 1.1m bbl. Responses ranged from -2m bbl to +3.6m bbl.
  • Refinery capacity use is projected to be down 0.5 percentage points at 93.2%.
  • The official figures will be released by the EIA at 10:30 ET July 24.
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US crude oil inventories are expected to have fallen by 1.2m bbl in the week to July 19, according to a WSJ survey of nine analysts and traders.

  • Six respondents expected a crude draw, and three predicted a build. Responses ranged from -3.6m bbl to +2.2m bbl.
  • This is a smaller draw than estimated in other surveys: Reuters (-2.5m bbl) and Platts (-2.7m bbl).
  • Gasoline inventories are expected to have fallen by 0.7m bbl. Responses ranged from -2.8m bbl to +2.5m bbl.
  • Distillate inventories, mainly diesel, are seen up 1.1m bbl. Responses ranged from -2m bbl to +3.6m bbl.
  • Refinery capacity use is projected to be down 0.5 percentage points at 93.2%.
  • The official figures will be released by the EIA at 10:30 ET July 24.