Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Commodities  >  WTI       

WTI
My previous session
Most popular
Delayed Quote. Delayed  - 09/19 12:40:44 pm
69.79 USD   --.--%
12:52pOil Under Pressure Due to Rising U.S. Inventories
DJ
10:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

U.S. Crude-Oil Stocks Seen Falling in DOE Data

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2018 | 03:15pm CEST

(This article was originally published Tuesday.)

By Stephanie Yang

U.S. crude-oil stocks are expected to fall in data due Wednesday from the Department of Energy, according to a survey of analysts and traders by The Wall Street Journal.

Estimates from 12 analysts and traders surveyed showed U.S. oil inventories are projected to have fallen by 3.6 million barrels, on average, in the week ended July 6.

Eleven analysts expect stockpiles to fall and one expects them to rise. Forecasts range from a decrease of 8 million barrels to an increase of 2.1 million barrels.

The closely watched survey from the Energy Information Administration is scheduled for release at 10:30 a.m. EDT Wednesday.

Gasoline stockpiles are expected to fall by 800,000 barrels on average, according to analysts. Two analysts expect them to rise and 10 expect them to fall. Estimates range from a decline of 2.2 million barrels to an increase of 1.2 million barrels.

Stocks of distillates, which include heating oil and diesel, are expected to rise by 800,000 barrels. Eight analysts expect an increase and three expect a decrease. One expects no change. Forecasts range from a decline of 1 million barrels to an increase of 2.4 million.

Refinery use is seen falling 0.1 percentage point to 97% of capacity. Four analysts expect an increase, five expect a decrease and one expects no change. Two didn't report expectations. Forecasts range from a drop of 0.6 point to an increase of 0.5 point.

The American Petroleum Institute, an industry group, said late Tuesday its data for the week showed a 6.8 million-barrel decrease in crude supplies, a 1.6 million-barrel decrease in gasoline stocks and a 2 million-barrel increase in distillate inventories, according to a market participant.

 
                                       Crude     Gasoline      Distillates      Refinery Use 
 
Again Capital                          -3.7        -1.7            2.1               0.3 
Citi Futures                           -3.5        -1              1                -0.5 
Commodity Research Group               -4.5        -0.5            0.7               0 
Confluence Investment Management       -5          -1              2                 0.5 
Energy Management Institute            -3.6        -1              1.4              -0.2 
Excel Futures                           2.1        -2.2           -0.9              -0.6 
Spartan Capital Securities             -4           0.6           -1                 N/A 
IAF Advisors                           -8          -1              0                 N/A 
Mizuho                                 -1.5        -1.5           -0.5              -0.1 
Price Futures Group                    -3.5        -1              1                -0.5 
Ritterbusch and Associates             -4.9         1.2            2.4               0.2 
Tradition Energy                       -2.5        -1              1.2               0.2 
 
AVERAGE                                -3.6        -0.8            0.8              -0.1 
 

Write to Stephanie Yang at stephanie.yang@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WTI
12:52pOil Under Pressure Due to Rising U.S. Inventories
DJ
10:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
06:16aNEWS HIGHLIGHTS : Top Energy News of the Day
DJ
09/18Oil Prices Climb After Russian Plane Shot Down
DJ
09/18Oil Prices Climb After Russian Plane Shot Down
DJ
09/18NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
09/18Oil Prices Climb After Russian Plane Shot Down
DJ
09/18MARATHON OIL : Reports Small Leak, Emissions at Galveston Bay Refinery
DJ
09/18NEWS HIGHLIGHTS : Top Energy News of the Day
DJ
09/18Oil Market Weighs Impact of U.S.-China Trade Tensions
DJ
More news