By Dow Jones Business News,
May 13, 2014, 02:26:00 PM EDT
By Nicole Friedman
NEW YORK--U.S. crude-oil stocks are expected to remain unchanged in data due Wednesday from the Department of Energy,
according to a survey of analysts by The Wall Street Journal.
Estimates from 12 analysts surveyed showed that U.S. oil inventories will hold steady at 397.6 million barrels in the
week ended May 9.
Six analysts expect stockpiles to rise, and six expect a decline. Forecasts range from a rise of 2 million barrels to
a drop of 2.1 million barrels.
The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EDT Wednesday.
Gasoline stockpiles are expected rise by 100,000 barrels in the week, according to analysts. Four analysts expect a
decline, with seven expecting a rise and one seeing no change. Estimates range from a rise of 1.7 million barrels to a
drop of 2 million barrels.
Stocks of distillates, which include heating oil and diesel, are expected to rise by 600,000 barrels. Nine analysts
expect a rise, while two see a decline and one expects no change. Forecasts range from a drop of 2 million barrels to a
gain of 1.7 million barrels.
Refinery use is seen rising 0.5 percentage point to 90.7% of capacity, based on EIA data. Nine analysts expect an
increase, two expect usage to be unchanged and one didn't provide an estimate. Forecasts range from a rise of 1 point to
The American Petroleum Institute, an industry group, is scheduled to release its inventory data for the same period
Crude Gasoline Distillates Refinery Use
Again Capital 1.1 0.8 0.9 0.6
Citi Futures Perspective -1.0 1.0 1.0 0.5
Confluence Investment Management -1.0 -1.0 unch 0.5
EBW AnalyticsGroup 2.0 -1.5 0.5 0.1
Excel Futures -2.1 1.3 1.7 1.0
IAF Advisors 1.0 unch 0.5 n/a
Jefferies Bache LLC -1.3 0.2 1.6 unch
Oil Outlooks -2.0 -1.0 1.5 0.5
Price Futures Group 1.0 -2.0 -2.0 unch
Ritterbusch and Associates 1.3 1.7 1.0 1.0
Schneider Electric 1.6 1.2 -0.6 1.0
Tradition Energy -0.5 0.5 0.5 0.75
AVERAGE 0.0 0.1 0.6 0.5
(Figures in millions of barrels except for refining capacity, which is reported in percentage points. For analysts
providing forecasts in a range, the average of the upper and lower ends of the range is used.)
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