Analysts See Build in U.S. Crude Oil Stockpiles

By Anthony Harrup

U.S. crude oil inventories likely rose for a second consecutive week, while stocks of gasoline and distillates are seen falling, according to a survey by The Wall Street Journal.

Commercial crude stocks are seen rising by 1.2 million barrels to 435 million barrels in the week ended March 7, according to the average estimate of 10 analysts and traders. Eight expect an increase and two predict a decline. Expectations range from a build of 3.7 million barrels to a withdrawal of 3 million barrels.

Gasoline inventories are expected to have fallen by 1.1 million barrels to 245.7 million barrels, with estimates ranging from a rise of 2 million barrels to a drop of 3.7 million barrels.

Stocks of distillate fuels, mostly diesel, are expected to be down by 300,000 barrels at 118.9 million barrels, with forecasts ranging from an increase of 2.6 million barrels to a decrease of 2.5 million barrels.

Refinery capacity use likely rose to 86.3% from 85.9% the week before. Forecasts range from a 1.8 percentage point increase to a 0.9 percentage point decline. Two analysts didn't forecast refinery runs.

The U.S. Energy Information Administration is scheduled to release the inventory data on Wednesday at 10:30 a.m. EDT.

 
                                   Crude  Gasoline Distillates Refinery Use 
   Again Capital                     1.6      1.1     -1.6      -0.9 
   Commodity Research Group          2.0     -0.8      1.0       0.4 
   Confluence Investment Management  2.5     -3.0      1.0       0.5 
   Rystad Energy                     1.7     -3.7     -1.6       1.8 
   Excel Futures                     3.7     -2.2     -1.8       0.4 
   Spartan Capital Securities       -1.4      1.1      2.6       n/f 
   Mizuho                            1.5     -1.0     -1.0       0.5 
   Price Futures Group               2.0      2.0      2.0       unch 
   Ritterbusch and Associates        1.3     -2.7     -1.3       0.4 
   Tradition Energy                 -3.0     -2.0     -2.5       n/f 
 
   AVERAGE                           1.2     -1.1     -0.3       0.4

Note: Numbers in millions of barrels, with the exception of refinery use, which is in percentage points.

n/f = no forecast

unch = unchanged

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

March 11, 2025 11:41 ET (15:41 GMT)

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Analysts See Build in U.S. Crude Oil Stockpiles

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