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US Crude Stocks Seen Down 1.4m bbl in Week to May 24: WSJ

OIL
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US crude oil inventories are expected to have fallen by 1.4m bbl in the week to May 24, according to a WSJ survey of eight analysts and traders.

  • Seven respondents expected a draw, and one predicted a build. Responses ranged from -3m bbl to +1.5m bbl.
  • Gasoline inventories are expected to have fallen by 1m bbl. Responses ranged from -2.3m bbl to +1.1m bbl.
  • Distillate inventories, mainly diesel, are seen with a draw of 0.1m bbl. Responses ranged from -2m bbl to +1.2m bbl
  • Refinery capacity use is projected to be up 0.5 percentage points to 92.2%.
  • The official figures will be released by the EIA at 11:00 ET May 30.
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US crude oil inventories are expected to have fallen by 1.4m bbl in the week to May 24, according to a WSJ survey of eight analysts and traders.

  • Seven respondents expected a draw, and one predicted a build. Responses ranged from -3m bbl to +1.5m bbl.
  • Gasoline inventories are expected to have fallen by 1m bbl. Responses ranged from -2.3m bbl to +1.1m bbl.
  • Distillate inventories, mainly diesel, are seen with a draw of 0.1m bbl. Responses ranged from -2m bbl to +1.2m bbl
  • Refinery capacity use is projected to be up 0.5 percentage points to 92.2%.
  • The official figures will be released by the EIA at 11:00 ET May 30.