By Dan Molinski


U.S. crude-oil stockpiles are expected to decline 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 10 analysts and traders showed U.S. oil inventories are projected to have fallen by 800,000 barrels for the week ended Nov. 26, with seven analysts forecasting a decrease and three analysts predicting an increase. Forecasts ranged from a decrease of 4 million barrels to an increase of 2.7 million barrels.

The closely watched survey from the DOE's Energy Information Administration is scheduled for release at 10:30 a.m. ET Wednesday.

Gasoline stockpiles are expected to fall by 500,000 barrels from the previous week, according to analysts. Estimates range from a decrease of 3.9 million barrels to an increase of 3 million barrels.

Stocks of distillates, which include heating oil and diesel, are expected to be unchanged from the previous week. Forecasts range from a decrease of 2.1 million barrels to an increase of 2.5 million barrels.

Refinery use likely rose by 0.6 percentage point from the previous week, to 89.2% of capacity. Forecasts range from increases of 0.3 percentage point to 1.5 percentage points. Two analysts didn't make a forecast.

The American Petroleum Institute, an industry group, said late Tuesday that its own data for the week showed a 747,000-barrel decrease in crude supplies, a 2.2-million-barrel rise in gasoline stocks and an 800,000-barrel increase in distillate inventories, according to a source.

                                   Crude  Gasoline  Distillates   Use 
Again Capital                        2.7      -1.4         -1.1       0.3 
Commodity Research Group            -1.4      -1.4         -1.5       0.5 
Confluence Investment Management    -1.5         3          2.5       1.5 
DTN                                  0.8      -1.2          0.5       0.4 
Excel Futures                       -1.3      -1.2         -2.1       0.3 
Spartan Capital Securities          -2.8      -3.9          1.2       n/f 
Mizuho                               1.5       0.5         -0.5       0.3 
Price Futures Group                   -4        -2           -2         1 
Ritterbusch and Associates            -1       2.5          2.4       0.8 
Tradition Energy                    -0.5      -0.2          0.6  n/f 
AVERAGE                             -0.8      -0.5         unch       0.6 

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


(END) Dow Jones Newswires

November 30, 2021 17:34 ET (22:34 GMT)

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