Analysts predict changes in U.S. crude-oil and gasoline inventories

  • U.S. crude-oil inventories expected to rise by 500,000 barrels
  • Gasoline inventories expected to decrease by 500,000 barrels
  • Distillates (mostly diesel fuel) expected to decline by 1.9 million barrels
  • Refinery use likely increased by 0.3 percentage points

U.S. crude-oil inventories are expected to rise by 500,000 barrels this week, according to analysts surveyed by The Wall Street Journal. Gasoline inventories, on the other hand, are expected to decrease by 500,000 barrels. Distillates, which mainly consist of diesel fuel, are forecasted to decline by 1.9 million barrels. Refinery use is also expected to have increased by 0.3 percentage points. The closely watched inventory data from the DOE’s Energy Information Administration will be released on Wednesday.

Factuality Level: 8
Factuality Justification: The article provides information on the expected increase in U.S. crude-oil inventories based on a survey of analysts. It includes a range of estimates and also mentions the expected decrease in gasoline inventories and distillates. The article does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. It provides factual information based on the survey of analysts.
Noise Level: 7
Noise Justification: The article provides information on analysts’ expectations for U.S. crude-oil inventories, gasoline inventories, distillates, and refinery use. It includes a range of estimates from different analysts and traders. However, the article lacks in-depth analysis, scientific rigor, and intellectual honesty. It does not provide evidence, data, or examples to support the claims made. Additionally, it does not offer any actionable insights or solutions. Overall, the article contains some relevant information but lacks depth and rigor.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the expected changes in U.S. crude-oil inventories, gasoline inventories, distillates, and refinery use. This information can impact the energy sector and companies involved in the oil and gas industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not mention any extreme events or their impacts.
Key People: Kirk Maltais (Author)

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