EIA report forward-looking: last week US crude oil inventories may decline for the sixth consecutive week

September 14 news, an expanded survey results announced on Tuesday showed that last week US crude oil and refined oil inventories may decline across the board, crude oil inventories may decline for the sixth consecutive week
.


On average, the nine analysts interviewed expected that as of the week of September 10, US crude oil inventories fell by about 3.
5 million barrels
.


The EIA report released last week showed that as of the week of September 3, US crude oil inventories fell by 1.
5 million barrels to 423.
9 million barrels, when analysts expected a decrease of 4.
6 million barrels
.
Inventories were already at their lowest level since September 2019
.


Analysts expected that US gasoline inventories fell by about 2 million barrels last week
.


Last week, distillate stocks, including heating oil and diesel, were estimated to fall by about 1.
6 million barrels
.


  According to the survey, the capacity utilization rate is expected to increase by 1.
7% from the 81.
9% in the week ended September 3
.


  The U.
S.
Energy Information Administration (EIA) will release weekly inventory data at 22:30 Beijing time on Wednesday
.


  Two market sources quoted data from the American Petroleum Institute (API) on Tuesday as saying that due to the closure of many refineries and offshore rigs due to Hurricane Ida, US crude oil, gasoline and distillate inventories all fell last week
.
An anonymous source said that data showed that as of the week of September 10, US crude oil inventories fell by 5.
4 million barrels, gasoline inventories fell by 2.
8 million barrels, and distillate inventories fell by 2.
9 million barrels
.