News summary
EIA crude oil inventories will decrease by 500,000 barrels, refined oil inventories are expected to increase by 1.3 million barrels, and refinery equipment utilization is expected to increase by 0.0%gamestoearncryptoforfree.7 percentage points to 89.2%.
Newsletter text
[Reuters survey predicts U.S. crude oil inventories will fall and refined oil inventories will rise]
Ahead of the release of EIA crude oil inventory data, a Reuters survey analyzed the U.S. last week.gamestoearncryptoforfreeInventory of crude oil and refined oil products. The results show that crude oil inventories are expected to decrease by an average of approximately 500,000 barrels in the week ending May 10.
At the same time, analysts expect gasoline inventories to increase by about 500,000 barrels over the same period, while distillate inventories, including diesel and heating oil, are expected to increase by about 800,000 barrels.
In addition, the report also predicts that refinery equipment utilization may increase from 88.5% in the previous week, and is expected to increase by 0.7 percentage points to 89.2%.