Experts Predict Lower Stockpiles of Crude, Gasoline, and Distillate Fuel

  • U.S. crude oil inventories likely decreased last week
  • Gasoline and distillate fuel stocks also expected to decline
  • Refinery capacity use forecasted to drop by half a percentage point
  • Average estimates from 10 analysts and traders
  • U.S. Energy Information Administration data release on Wednesday

According to a survey by The Wall Street Journal, U.S. crude oil inventories are expected to have decreased by 800,000 barrels to 416.7 million barrels in the week ended Sept. 20. Gasoline and distillate fuel stocks are also predicted to decline. Refinery capacity use is anticipated to drop by half a percentage point at 91.6%. The U.S. Energy Information Administration will release inventory data on Wednesday.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the expected changes in crude oil inventories, gasoline, and distillate fuel stocks based on estimates from various analysts. It also includes relevant context and data without any clear signs of sensationalism or personal perspective.
Noise Level: 3
Noise Justification: The article provides relevant information about changes in oil inventories and related stocks, with a clear structure and concise writing style. It includes estimates from various analysts and traders, but lacks any deep analysis or contextualization of the data. The information is mostly factual and stays on topic without diving into unrelated territories.
Private Companies: Again Capital,Commodity Research Group,Confluence Investment Management,Rystad Energy,Excel Futures,Spartan Capital Securities,Mizuho,Price Futures Group,Ritterbusch and Associates,Tradition Energy
Key People: Anthony Harrup (Author)

Financial Relevance: Yes
Financial Markets Impacted: U.S. crude oil inventories, gasoline and distillate fuel stocks, refinery capacity use
Financial Rating Justification: The article discusses the expected changes in U.S. crude oil inventories, gasoline and distillate fuel stocks, which can impact the financial markets as they are related to the energy sector and affect the prices of these commodities. Refinery capacity use also plays a role in determining the supply and demand dynamics for these products.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text and it does not meet the criteria for being within the last 48 hours.
Move Size: No market move size mentioned.
Sector: Energy
Direction: Up
Magnitude: Medium
Affected Instruments: Commodities

Reported publicly: www.marketwatch.com