Analysts predict little change in oil inventories

  • U.S. crude-oil inventories expected to be unchanged
  • Gasoline inventories expected to decrease
  • Distillates inventories expected to decline
  • Refinery use likely increased

Factuality Level: 8
Justification: The article provides information on the expected U.S. crude-oil inventories, gasoline inventories, distillates, and refinery use based on a survey by The Wall Street Journal. The information is presented in a straightforward manner without any digressions or unnecessary background information. The article does not contain any misleading or exaggerated reporting. The data provided is based on estimates from analysts and traders, and the range of expectations is also mentioned. Overall, the article appears to be factually accurate and objective.

Noise Level: 8
Justification: The article provides specific information on the expected changes in U.S. crude-oil inventories, gasoline inventories, distillates, and refinery use. It includes data from a survey conducted by The Wall Street Journal and provides a range of estimates from different analysts and traders. The article stays on topic and does not dive into unrelated territories. However, it lacks scientific rigor and intellectual honesty as it does not provide evidence or data to support the forecasts. Additionally, it does not provide any actionable insights or solutions for the reader.

Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the expected change in U.S. crude-oil inventories, which can impact the energy sector and oil prices. It provides information that may be relevant to traders, investors, and companies in the oil and gas industry.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not describe any extreme event. It focuses on the expected change in U.S. crude-oil inventories and gasoline inventories, which are routine market updates.

Public Companies:
Private Companies:
Key People: Paulo Trevisani (Author)

According to a survey by The Wall Street Journal, U.S. crude-oil inventories are expected to be roughly unchanged from the previous week. The average of estimates from 10 analysts and traders shows a rise of only 10,000 barrels. Gasoline inventories are expected to decrease by 300,000 barrels, while distillates inventories are expected to decline by 1.1 million barrels. Refinery use is likely to increase by 0.5 percentage point. The closely watched inventory data from the DOE’s Energy Information Administration is scheduled for release on Wednesday.