What were the estimated changes in U.S. crude oil, gasoline, and distillate inventories for the week ended July 24, according to the Reuters poll?

According to the Reuters poll of nine analysts, U.S. crude oil inventories were expected to have fallen by about 1.3 million barrels, gasoline inventories were estimated to have declined by about 700,000 barrels, and distillate inventories — which include diesel and heating oil — were expected to have risen by about 200,000 barrels for the week ended July 24.

How did the American Petroleum Institute's (API) preliminary data for the same week differ from the Reuters poll estimates?

The API's preliminary data, cited by anonymous market sources, showed a larger crude draw of about 3.3 million barrels — more than double the Reuters poll’s estimate of 1.3 million — while diverging sharply on gasoline: API reported a build of 918,000 barrels, contrary to the Reuters poll’s expected draw of 700,000 barrels; distillates also saw a larger build in API data (355,000 barrels) versus the poll’s 200,000-barrel estimate.

ChemBrief

Topics Daily Digest Tags

US Crude, Gasoline Inventories Likely Fell Last Week; Distillate Stocks Rose

Jul 28, 2026

Analysts project U.S. crude and gasoline inventories fell while distillate stocks rose last week. API data confirmed a 3.3 million barrel crude drop, though gasoline rose, ahead of official EIA release.

reuters

2026-05-20

US Crude and Gasoline Inventories Fell Last Week, Distillates Rose - EIA Says

2026-05-29

US Crude Production Largely Steady in March, EIA Says

2026-06-02

US crude stocks, product inventories likely fell last week

2026-06-08

US Jet Fuel Output Hits Record as Iran War Doubled Prices in March, EIA Says

2026-06-17

US Crude Inventories Fall to Lowest Since March 1985, EIA Says