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OIL: US Crude Stocks Seen Down 1.0m bbl in Week to Jan. 3: WSJ

OIL
USEnergy BulletsNorth AmericaBulletCommodities

US crude oil inventories are expected to have fallen by 1.0m bbl in the week to Jan. 3, according to a WSJ survey of nine analysts and traders.

  • If correct, this would be the seventh consecutive week of stock draws.
  • Seven respondents expected a crude draw, and two predicted a build. Responses ranged from -3.0m bbl to +2.8m bbl.
  • Gasoline inventories are expected to have risen by 0.5m bbl. Responses ranged from -3.2m bbl to +4.8m bbl.
  • Distillate inventories, mainly diesel, are seen with a rise of 0.2m bbl. Responses ranged from -3.3m bbl to +4.0m bbl.
  • Refinery capacity use is projected to be down 0.3 percentage points at 92.4%.
  • The official figures will be released by the EIA at 10:30 ET Jan. 8.
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US crude oil inventories are expected to have fallen by 1.0m bbl in the week to Jan. 3, according to a WSJ survey of nine analysts and traders.

  • If correct, this would be the seventh consecutive week of stock draws.
  • Seven respondents expected a crude draw, and two predicted a build. Responses ranged from -3.0m bbl to +2.8m bbl.
  • Gasoline inventories are expected to have risen by 0.5m bbl. Responses ranged from -3.2m bbl to +4.8m bbl.
  • Distillate inventories, mainly diesel, are seen with a rise of 0.2m bbl. Responses ranged from -3.3m bbl to +4.0m bbl.
  • Refinery capacity use is projected to be down 0.3 percentage points at 92.4%.
  • The official figures will be released by the EIA at 10:30 ET Jan. 8.