U.S. Crude-Oil Stockpiles Likely Increased in DOE Data, Analysts Say -- Update
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By Dan Molinski
U.S. crude-oil stockpiles are expected to increase from the
previous week in data due Thursday from the U.S. Energy Department,
according to a survey of analysts and traders by The Wall Street
Estimates from 11 analysts and traders showed U.S. oil
inventories are projected to have climbed by 900,000 barrels for
the week ended Oct. 8, with nine analysts forecasting an increase
and two analysts predicting a decline. Forecasts ranged from a
decrease of 2.5 million barrels to an increase of 3 million
The closely watched survey from the DOE's Energy Information
Administration is scheduled for release at 11 a.m. EDT Thursday, a
day later than normal because of Monday's Columbus Day holiday.
Gasoline stockpiles are expected to rise by 600,000 barrels from
the previous week, according to analysts. Estimates range from a
decrease of 1.5 million barrels to an increase of 3.3 million
Stocks of distillates, which include heating oil and diesel, are
expected to fall 1.1 million barrels from the previous week.
Forecasts range from a decrease of 4.2 million barrels to an
increase of 1.4 million barrels.
Refinery use was likely unchanged on the week at 89.6% of
capacity. Forecasts range from a decline of 1.7 percentage points
to an increase of 1.2 percentage points. Two analysts didn't make a
The American Petroleum Institute, an industry group, said late
Wednesday its data for the week showed a 5.2 million-barrel
increase in crude supplies, a 4.6 million-barrel decline in
gasoline stocks and a 2.7 million-barrel decrease in distillate
inventories, according to a source.
Crude Gasoline Distillates Use
Again Capital 1.1 -0.9 -1.4 1.2
Citi Futures -2.5 1 -1.5 -1.5
Commodity Research Group 1.8 0.4 0.8 -1.7
Confluence Investment Management 3 -1.5 -2 -1
Energy Management Institute 1.5 1.2 -0.5 -0.4
Excel Futures 1.3 3.3 1.4 1.1
Spartan Capital Securities 2.6 3.2 -1.8 n/f
Mizuho 1 2 -1 0.5
Price Futures Group -2 -1 -1 1
Ritterbusch and Associates 2 -1.2 -4.2 0.6
Tradition Energy 0.5 -0.2 -1 n/f
AVERAGE 0.9 0.6 -1.1 unch
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 firstname.lastname@example.org
(END) Dow Jones Newswires
October 13, 2021 16:59 ET (20:59 GMT)
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