Ahead: U.S. crude and refined product inventories are likely to rise last week

Foreign news on July 19, an extended report released on Tuesday showed that US crude oil and refined oil inventories may have increased
last week.

On average, the nine analysts surveyed estimated that U.
S.
crude inventories would increase by about 1.
4 million barrels
in the week ended July 15.

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 4:30 Beijing time on Wednesday, and the US Energy Information Administration (EIA) inventory report will be released
at 22:30 Beijing time on Wednesday.

Earlier, the EIA reported that U.
S.
crude oil inventories rose by 3.
3 million barrels in the week ended July 8, compared with analysts' estimates of a decrease of 154,000 barrels
.

Analysts estimate that U.
S.
gasoline inventories are expected to rise by about 100,000 barrels
last week.

Distillate inventories, including diesel and heating oil, are expected to rise by about 1.
2 million barrels
last week.

Refinery capacity utilization is expected to rise by about 0.
2 percentage points last week, compared with 94.
9 percent
in the week ended July 8, the survey showed.