U.S. crude oil inventories forecast to decline alongside gasoline and diesel stocks
Updated
Updated · MarketWatch · Apr 28
U.S. crude oil inventories forecast to decline alongside gasoline and diesel stocks
9 articles · Updated · MarketWatch · Apr 28
Analysts surveyed expect U.S. crude stocks to fall by 100,000 barrels to 465.6 million for the week ending April 24.
Gasoline inventories are projected to drop by 2.1 million barrels, marking an eleventh consecutive weekly decline, while distillate stocks, mainly diesel, are seen down by 1.8 million barrels.
Refinery capacity use is estimated to have risen slightly to 89.5%. The official U.S. Energy Information Administration data will be released Wednesday at 10:30 a.m. EDT.
Why do experts and industry data tell two different stories about oil supply?
As U.S. refineries shut down, is the nation risking its energy independence?
Is the U.S. economy prepared for the domino effect of record-high diesel prices?
Can a historic oil reserve release truly counter the world's largest supply shock?
With global supply chains broken, how long can inventory draws mask the shortfall?
How is the Hormuz crisis redrawing the map of global energy power?