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US Crude Stocks Seen Up 1.3m Bbl: WSJ Survey

OIL

US crude oil inventories likely rose for a sixth straight week as winding down maintenance boosts refinery usage, according to a WSJ survey.

  • Crude stockpiles are expected to have increased by 1.3m bbl to 448.5m bbl in the week ending March. 1, based on the average estimate of nine analysts and traders.
  • Six respondents expected an increase, while three forecast a decline.
  • Responses ranged between -2.6m bbl to +4m bbl.
  • Gasoline inventories are expected to fall by 1.4m bbl. Responses ranged from -3.1m bbl to +1.9m bbl.
  • Distillate stocks are seen down 0.4m bbl with responses between -2m bbl and +1.8m bbl.
  • Refinery capacity is expected to rise by 1 percentage point to 82.5%.
  • The official EIA data will be released March 6 at 10:30 ET.
Energy BulletsCommodities
Energy BulletsCommodities

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