U.S. Crude-Oil Stockpiles Likely Decreased in DOE Data, Analysts Say
By Dan Molinski
U.S. crude-oil stockpiles are expected to decrease from the
previous week in data due Wednesday from the U.S. Energy
Department, according to a survey of analysts and traders by The
Wall Street Journal.
Estimates from 11 analysts and traders showed U.S. oil
inventories are projected to have fallen by 1.3 million barrels for
the week ended Dec. 3, with nine analysts forecasting a decrease
and two analysts predicting an increase. Forecasts ranged from a
decrease of 3.5 million barrels to an increase of 2 million
The closely watched survey from the DOE's Energy Information
Administration is scheduled for release at 10:30 a.m. EST
Gasoline stockpiles are expected to rise by 1.7 million barrels
from the previous week, according to analysts. Estimates range from
a decrease of 2 million barrels to an increase of 3 million
Stocks of distillates, which include heating oil and diesel, are
expected to increase by 1.2 million barrels from the previous week.
Forecasts range from a decrease of 2 million barrels to an increase
of 3 million barrels.
Refinery use likely rose by 0.5 percentage point from the
previous week, to 89.3% of capacity. Forecasts range from increases
of 0.2 percentage point to 1 percentage point. Two analysts didn't
make a forecast.
Crude Gasoline Distillates Use
Again Capital -1.4 2.2 -0.9 0.3
Citi Futures -3.5 2.5 2.5 1
Commodity Research Group -2.1 2 0.4 0.7
Confluence Investment Management 2 3 2 0.5
DTN -1.1 0.4 1.2 0.2
Excel Futures -1.4 1.1 2.7 0.4
Spartan Capital Securities -1.5 2.1 0.8 n/f
Mizuho 1 2 1 0.3
Price Futures Group -2 -2 -2 1
Ritterbusch and Associates -3 2.5 3.0 0.3
Tradition Energy -1.5 3 2.5 n/f
AVERAGE -1.3 1.7 1.2 0.5
n/f = no forecast
Note: Numbers in millions of barrels, with the exception of
refinery use, which is in percentage points.
Write to Dan Molinski at email@example.com
(END) Dow Jones Newswires
December 07, 2021 12:02 ET (17:02 GMT)
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