U.S. Crude-Oil Stocks Seen Increasing in DOE Data
March 20 2018 - 3:29PM
Dow Jones News
By Alison Sider
U.S. crude-oil stocks are expected to show an increase 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 showed U.S. oil
inventories are projected to have increased by 2.4 million barrels,
on average, in the week ended March 16.
Nine analysts expect stockpiles to rise and three expect them to
fall. Forecasts range from a decrease of 2 million barrels to an
increase of 6.2 million barrels.
The closely watched survey from the Energy Information
Administration is due at 10:30 a.m. EDT Wednesday.
Gasoline stockpiles are expected to fall by 1.4 million barrels,
on average. Three analysts expect them to rise and nine forecast
them to fall. Estimates range from a decrease of 3 million barrels
to an increase of 1.9 million barrels.
Stocks of distillates, which include heating oil and diesel, are
expected to fall by 1.8 million barrels. All 12 analysts expect a
decrease. Forecasts range from a fall of 4 million barrels to a
fall of 500,000 barrels.
Refinery use is seen rising by 0.2 percentage point to 90.2% of
capacity. Four analysts expect an increase, five forecast a
decrease, and three didn't report expectations. Forecasts range
from a decrease of 0.5 percentage point to an increase of 1.4
percentage point.
Crude Gasoline Distillates Refinery Use
Citi Futures 4.5 -3 -1.5 -0.5
Commodity Research Group 4 1.9 -2 0.5
Confluence Investment Management 3 -3 -0.5 1
Energy Management Institute 4.1 -3 -1.8 -0.5
Excel Futures -1.9 -2.5 -1.8 1.4
First Standard Financial -0.7 1.2 -2.7
ION Energy 2 -2 -3
Price Futures Group -2 -3 -4 1
Ritterbusch and Associates 6.2 -2 -1 -0.5
Schneider Electric 3.1 -0.5 -1 -0.5
Tradition Energy 3 1 -1 -0.5
Tyche Capital Advisors 3.8 -1.8 -1.4
AVERAGE 2.4 -1.4 -1.8 0.2
Write to Alison Sider at alison.sider@wsj.com
(END) Dow Jones Newswires
March 20, 2018 15:14 ET (19:14 GMT)
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