US crude, gasoline inventories likely rose last week, distillates seen down
Nov 3 (Reuters) - US crude oil and gasoline inventories were expected to have risen last week, while distillate stockpiles likely declined, an extended Reuters poll showed on Tuesday.
Eight analysts polled by Reuters estimated, on average, that crude inventories rose by about 880,000 barrels in the week ended October 30.
Crude inventories fell by 1.9 million barrels to 410.6 million barrels in the week ended October 23, the EIA said, compared with analysts' expectations in a Reuters poll for a 15,000-barrel rise.
| REUTERS FORECAST CHANGE FOR WEEK ENDED 10/30/26 | ACTUAL FOR WEEK (EIA) ENDED 10/23/26 | PREVIOUS WEEK CHANGE | YR-AGO CHANGE WEEK ENDED 10/31/25 |
CRUDE | 0.88 MLN | 410.6 | -1.9 MLN | 5.2 MLN |
DISTILLATE | -0.10 MLN | 102.8 | -1.5 MLN | -0.6 MLN |
GASOLINE | 0.15 MLN | 209.2 | 3.9 MLN | -4.7 MLN |
REFINERY RUNS | 0.2 PCT PT | 92.8% | -0.6 PCT PTS | -0.6 PCT PT |
Analysts estimated stockpiles of gasoline USOILG=ECI edged up by about 150,000 barrels last week, while distillate inventories USOILD=ECI, which include diesel and heating oil, are expected to have fallen by 100,000 barrels.
The rate of refinery utilization USOIRU=ECI is estimated to have increased by 0.2 percentage points from 92.8% of total capacity in the previous week, the poll found.
Crude stocks fell by 5.27 million barrels in the week ended October 30, sources said, citing data from the American Petroleum Institute. Gasoline stocks rose by 1.43 million barrels, while distillate inventories fell by 1.19 million barrels compared with a week earlier, the sources said.
The Reuters poll was conducted ahead of the weekly API report and one from the Energy Information Administration, the statistical arm of the US Department of Energy, at 10:30 a.m. EST (1530 GMT) on Wednesday.
All figures for stocks are in millions of barrels. Refinery rate changes are measured in percentage points.
Organization | Crude | Distillate | Gasoline | Refinery runs |
Again Capital | -1.4 | -1.8 | 2.3 | 0.9 |
Confluence | 2.0 | -0.5 | -0.8 | -0.6 |
Excel Futures | -2.1 | -2.0 | 2.7 | -0.3 |
LSEG | -1.3 | 0.5 | -0.7 | 0.3 |
Macquarie Group | 2.1 | 0.6 | -0.9 | |
Ritterbusch & Associates | 1.5 | 0.3 | -3.1 | 0.3 |
Rystad Energy | 4.2 | 0.9 | -1.1 | 0.2 |
Stratas Advisors | 2.4 | 0.3 | 2.1 | 0.3 |