Inventory forecasts for the week ended Feb. 23
- U.S. crude oil inventories expected to rise for fifth consecutive week
- Gasoline and distillate fuel stocks expected to decrease
- Refinery capacity use likely to increase
U.S. crude oil inventories are expected to rise for a fifth consecutive week, while gasoline and distillate fuel stocks are forecasted to decrease, according to a survey by The Wall Street Journal. Commercial crude stockpiles are estimated to increase by 1.5 million barrels to 444.5 million barrels. Gasoline inventories are projected to decrease by 1.3 million barrels to 245.7 million barrels, and stocks of distillates, mostly diesel fuel, are expected to fall by 2 million barrels to 119.7 million barrels. Refinery capacity use is likely to rise by 1.1 percentage points to 81.7%.
Factuality Level: 8
Factuality Justification: The article provides specific data and forecasts from analysts regarding U.S. crude-oil inventories, gasoline, distillate fuel stocks, and refinery capacity use. The information is sourced from a survey by The Wall Street Journal and includes a range of expectations from different analysts. The article sticks to the main topic without unnecessary digressions or biased opinions, presenting the information in a clear and factual manner.
Noise Level: 2
Noise Justification: The article provides a clear and concise overview of the survey results regarding U.S. crude-oil inventories, gasoline, distillate fuel stocks, and refinery capacity use. It sticks to the topic without diving into unrelated territories, supports its claims with data from analysts and traders, and offers valuable insights for those interested in the energy market.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the expected changes in crude oil inventories, gasoline inventories, distillate fuel stocks, and refinery capacity use. This information can impact the oil and gas industry, as well as related financial markets and companies.
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: Anthony Harrup (Author)
www.marketwatch.com 
