Analysts Expect a Fall in U.S. Crude Oil Stockpiles
A survey of analysts points to a drop of about 300,000 barrels in U.S. crude stocks last week. The EIA data is due Wednesday.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
A survey of analysts conducted by The Wall Street Journal and reported by Dow Jones Newswires suggests U.S. commercial crude inventories fell by about 300,000 barrels in the week ended October 16, to 415.3 million. Of the nine participants, six expect a decline and three a rise. Estimates range from a build of 2.5 million barrels to a draw of 3 million.
Gasoline stocks are expected to hold at 208.3 million barrels, while distillates, mostly diesel, are seen down 1.3 million to 101.3 million. Refinery utilization is forecast to edge up by 0.1 percentage point to 93.6%. The Energy Information Administration (EIA) releases its data Wednesday at 10:30 a.m. ET.
why it matters
EIA inventory reports often move oil prices, especially when the actual figures diverge sharply from consensus. The expected crude draw alongside steady gasoline stocks points to modestly tightening supply, but the wide spread of forecasts means the market reaction will depend largely on the reported numbers.
tags
instruments
sources
- Analysts Expect Weekly Decrease in U.S. Crude Oil Stockpiles — Dow Jones Newswires, 20 October 2026 at 17:05 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗