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US Crude Storage Seen Falling 0.2m Bbl: Reuters Survey

OIL

US Crude oil and gasoline stockpiles were seen falling last week, according to a Reuters survey of four analysts.

  • Crude inventories were seen falling by 0.2m bbl in the week to June 28. Estimates ranged from -3m bbl to +3.1m bbl.
  • Gasoline inventories are seen falling by 1.5m bbl. Estimates ranged from -3m bbl to +1.9m bbl.
  • Distillate inventories, which include diesel and heating oil, are seen falling by 1.1m bbl. Estimates ranged from -3m bbl to +1.0m bbl.
  • Refinery runs are seen up 0.9 percentage points on the week at 93.0%. Estimates ranged from +0.2 percentage points to +1.1 percentage points.
  • The EIA will announce the official figures at 10:30 July 3.

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