Anticipated 2.8M BBL Build Expected in US Energy Information Administration Report

Tuesday, 12 March 2024, 23:29

Analysts were surprised by a significant draw in private survey results ahead of the US Energy Information Administration's (EIA) report. Expectations include a 2.8 million barrel increase in commercial crude oil stockpiles, a 1.8 million barrel decrease in gasoline inventories, and a 1.4 million barrel drop in distillate stocks. Stay updated with the latest data on Wednesday to gauge the impact on the oil market.
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Anticipated 2.8M BBL Build Expected in US Energy Information Administration Report

US Energy Information Administration Report Update

The private survey results were a huge surprise draw:

  • Private survey of oil inventories shows a huge headline crude draw vs the build expected

Analysts are expecting a build in the official data:

  • The US Energy Information Administration (EIA) will release its weekly report on Wednesday at 10.30 am US Eastern time
  • According to consensus estimates from a survey by The Wall Street Journal, analysts forecast the report will show an increase of 2.8 mn barrels in commercial crude oil stockpiles, a fall of 1.8 mn barrels in gasoline inventories, and a decrease of 1.4 mn barrels in distillate stocks

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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