S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Rose 2.5 Million Barrels

Tightening U.S. crude oil inventories have been supportive for oil futures, but short-term dynamics continue to be dominated by moves in equities and currencies, with traders fixated on economic and political stories, according to an S&P Global Platts preview of this week’s pending U.S. Energy Information Administration (EIA) oil stocks data.

Survey of Analysts Results:

(The below may be attributed to the S&P Global Platts survey of analysts)

  • Crude oil stocks expected to rise 2.5 million barrels
  • Refinery utilization expected to be unchanged
  • Gasoline stocks expected to fall 500,000 barrels
  • Distillate stocks expected to drop 1.6 million barrels…

 

Click Here For Remainder of Article 

Posted in: Opinion

About the Author:

Post a Comment