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Survey Estimates Crude, Products Stocks Drawn DN Last Week
11/21 10:22 AM
Survey Estimates Crude, Products Stocks Drawn DN Last Week NEW YORK (DTN) -- A DTN survey of analysts on Tuesday morning shows the market expects crude and oil products inventories in the United States to have declined during the week-ended Nov. 17. The market estimates an average crude oil stock draw of 3.6 million bbl nationwide for the week reviewed. Crude oil stocks at the Cushing, Oklahoma, delivery hub for NYMEX West Texas Intermediate crude oil futures are estimated to have declined 1.7 million bbl during the week-ended Nov. 17. U.S. gasoline stocks are estimated to have been drawn down 750,000 bbl while distillate inventories are seen down 1.75 million bbl during the week under review. The U.S. refinery run rate was estimated to have increased by 1.0% to 92.0% of operable capacity last week. The American Petroleum Institute will issue its oil report at 4:30 PM ET and the Energy Information Administration its weekly oil report at 10:30 AM ET Wednesday. George Orwel, 1.718.522.3969, george.orwel@dtn.com, www.dtn.com. (c) 2017 DTN. All rights reserved.