The average estimate from nine industry experts puts total commercial crude stocks at 409 million barrels. While individual projections vary—ranging from a steep 7.9 million barrel withdrawal to a modest 1 million barrel increase—the consensus points toward continued market contraction. Gasoline inventories are also anticipated to shrink, with forecasts suggesting a 700,000-barrel decline to 215.6 million barrels.
In section Market Quotes
U.S. Crude Inventories Poised for Tenth Straight Weekly Drop
Persistent export demand and refineries operating near their maximum capacity are expected to drive U.S. crude oil stockpiles lower for the tenth consecutive week. Analysts surveyed by The Wall Street Journal project a commercial draw of 3.1 million barrels for the week ending June 26, tightening domestic supply further.
Distillate fuel stocks, encompassing mostly diesel, are expected to see a marginal dip of 100,000 barrels, landing at 106 million barrels. Simultaneously, refinery capacity utilization likely edged down by 0.3 percentage points to 95.8%. The official report from the U.S. Energy Information Administration is slated for release on Wednesday at 10:30 a.m. EDT.
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