Analysts Expect Slight Drop in US Crude Stockpiles Last Week
A Wall Street Journal survey suggests US crude inventories likely fell slightly last week, after three weeks of large withdrawals.
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what happened
Dow Jones Newswires, citing a Wall Street Journal survey, reports that US crude inventories probably dipped a little last week. That would pause a run of three weeks of large withdrawals.
The average estimate of nine analysts and traders puts commercial crude stocks down 100,000 barrels, to 412.4 million barrels in the week ended October 23. Five expect a decline and four a rise. Forecasts range from a 3.6 million barrel build to a 2.5 million barrel draw.
Gasoline stocks are expected to fall 700,000 barrels, to 204.6 million, while distillates, mostly diesel, are seen down 1.1 million barrels, to 103.2 million. Refinery utilization is forecast to hold at 93.4%. The Energy Information Administration releases the data on Wednesday at 10:30 a.m. EDT.
why it matters
EIA inventory reports often move oil futures, especially when the actual figures differ from expectations. The expected small draw supports the market, but the wide spread of forecasts leaves room for surprises.
market impact
Oil: expected small crude draw in the US supports prices
- US crude oil pressure up — an expected fall in commercial stocks reduces the supply surplus
tags
instruments
sources
- Analysts See Decline in U.S. Crude Oil Stockpiles — Dow Jones Newswires, 27 October 2026 at 17:44 UTC
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