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Publish Date: Wed, 25 Sep 2024, 12:44 PM
Sept 24 (Reuters) - U.S. crude oil and product stockpiles were expected to have fallen last week, an extended Reuters poll showed on Tuesday.
Ten analysts polled by Reuters estimated on average that crude inventories fell by about 1.4 million barrels in the week to Sept. 20.
The poll was conducted ahead of reports from the American Petroleum Institute industry group at 4:30 p.m. EDT (2030 GMT) on Tuesday and from the Energy Information Administration, the statistical arm of the U.S. Department of Energy, at 10:30 a.m. EDT (1430 GMT) on Wednesday.
Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week ending Sept. 13, the EIA said, compared with analysts' expectations in a Reuters poll for a 500,000-barrel draw.
Analysts estimated stockpiles of gasoline (USOILG=ECI) , opens new tab edged down by 20,000 barrels last week, while distillate inventories (USOILD=ECI) , opens new tab, which include diesel and heating oil, were expected to have decreased by about 1.6 million barrels.
The rate of refinery utilization (USOIRU=ECI) , opens new tab was estimated to have decreased by 0.7 percentage point from 92.1% of total capacity in the previous week, the poll found.
All figures for stocks are in millions of barrels. Refinery rate changes are measured in percentage points.
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https://www.reuters.com/markets/commodities/us-crude-product-inventories-likely-fell-last-week-2024-09-24/