U.S. crude oil inventories are expected to increase last week, oil product inventories may decline
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Last Update: 2021-11-01
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Source: Internet
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Author: User
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Foreign News reported on October 25 that a preliminary investigation released on Monday showed that US crude oil inventories may increase last week, while gasoline and distillate inventories are expected to decline
.
The average estimate of the six analysts interviewed is that as of the week of October 22, US crude oil inventories are expected to increase by approximately 1.
7 million barrels
.
Earlier in the week ending October 15, US crude oil inventories fell 431,000 barrels to 426.
5 million barrels, and analysts expected an increase of 1.
9 million barrels
.
The American Petroleum Institute (API) will announce its weekly crude oil inventory report at 4:30 on Wednesday, Beijing time, and the U.
S.
Energy Information Administration (EIA) will announce its crude oil inventory report at 22:30 on Wednesday
.
Analysts predict that as of the week of October 22, US gasoline inventories have fallen for the third week, down by about 1.
9 million barrels
.
Distillate stocks, including diesel and heating oil, fell by about 2.
4 million barrels last week
.
According to the survey, the capacity utilization rate of US refineries was expected to rise by 0.
1% last week, and it was 84.
7% for the week ending October 15
.
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