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US Crude Stocks Seen Down 2.0m bbl in Week to Aug. 2: Reuters

OIL

US crude oil inventories are expected to have fallen by 2.0m bbl in the week to Aug. 2, according to a Reuters survey of four analysts and traders.

  • Responses ranged from -2.2m bbl to -2.0m bbl.
  • Gasoline inventories are expected to have fallen by 1.1m bbl. Responses ranged from -2.0bbl to -0.5m bbl.
  • Distillate inventories, mainly diesel, are seen with a fall of 1.8m bbl. Responses ranged from -2.0m bbl to +1.0m bbl.
  • Refinery capacity use is projected to be up 0.7 percentage points at 90.5%.
  • The official figures will be released by the EIA at 10:30 ET Aug. 14.
  • NOTE: Reuters often update their survey results nearer the data release date as they receive more responses.
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