Inventory data from the U.S. Energy Information Administration to be released on Wednesday

  • U.S. crude inventories expected to rise for a third consecutive week
  • Gasoline and distillate fuel stocks likely to tighten further
  • Commercial crude stockpiles forecasted to increase by 2.8 million barrels
  • Gasoline inventories expected to decrease by 1 million barrels
  • Stocks of distillate fuels forecasted to fall by 2.2 million barrels
  • Refinery capacity use predicted to slip to 82.2%

U.S. crude inventories are projected to rise for a third consecutive week, while gasoline and distillate fuel stocks are expected to tighten further. According to a survey by The Wall Street Journal, commercial crude stockpiles are forecasted to increase by 2.8 million barrels to 430.2 million barrels. Gasoline inventories are expected to decrease by 1 million barrels to 250 million barrels, while stocks of distillate fuels, mostly diesel, are predicted to fall by 2.2 million barrels to 125.4 million barrels. Refinery capacity use is also forecasted to slip to 82.2%. The inventory data from the U.S. Energy Information Administration is scheduled for release on Wednesday.

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Key People: Anthony Harrup (Author)

Factuality Level: 8
Justification: The article provides information on the expected rise in U.S. crude-oil inventories, as well as the expected tightening of gasoline and distillate fuel stocks. The information is based on a survey conducted by The Wall Street Journal, which includes estimates from 10 analysts and traders. The article also mentions the forecasted decline in refinery capacity use. The information provided is specific and based on expert opinions, making it reliable and factual.

Noise Level: 8
Justification: The article provides specific data and estimates on U.S. crude-oil inventories, gasoline and distillate fuel stocks, and refinery use. It also includes forecasts from multiple analysts. However, the article lacks context or analysis on the implications of these inventory levels or the potential impact on the oil market. It is primarily a report of survey results without providing deeper insights or actionable information.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the expected rise in U.S. crude-oil inventories, which can impact the oil market and companies involved in the oil industry.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the expected changes in crude-oil inventories, gasoline inventories, and distillate fuel stocks. While this information is relevant to financial markets and companies in the oil industry, there is no mention of any extreme events or their impact.

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