Analysts See Weekly Decline in U.S. Crude-Oil Stockpiles

Dow Jones03-25 00:26

By Anthony Harrup

U.S. crude-oil inventories likely posted a modest draw last week following four consecutive weeks of builds, according to analysts surveyed by The Wall Street Journal.

Commercial-crude inventories are seen falling by 200,000 barrels to 449.1 million barrels in the week ended March 20, according to the average estimate of nine analysts and traders. Four expect an increase and five predict a decline, with forecasts ranging from a 4.9 million-barrel build to a draw of 5.1 million barrels.

Gasoline inventories are expected to have fallen by 2.4 million barrels to 241.6 million barrels, with estimates ranging from a withdrawal of 1 million barrels to a withdrawal of 4.6 million barrels.

Stocks of distillate fuel, mostly diesel, are seen down by 1.8 million barrels at 115.1 million barrels. Forecasts range from an increase of 2.2 million barrels to a decrease of 5 million barrels.

Refinery-capacity use likely rose by 0.6 of a percentage point to 92%, according to the survey, with estimates ranging from unchanged to an increase of 1 percentage point. Two analysts didn't forecast refinery runs.

The U.S. Energy Information Administration is scheduled to release the inventory data on Wednesday at 10:30 a.m. EDT.

 
                                    Crude    Gasoline  Distillates Refinery Use 
   Again Capital                     1.8       -1.4       -2.4        0.8 
   Confluence Investment Management -0.5       -2.0       -1.5        1.0 
   Rystad Energy                    -2.3       -2.6        1.0        0.3 
   Excel Futures                     4.9       -4.6       -2.7        0.8 
   Spartan Capital Securities        1.6       -2.7        2.2        n/f 
   Mizuho                           -2.0       -2.0       -1.0        0.5 
   Price Futures Group              -3.0       -2.0       -3.0       unch 
   Ritterbusch and Associates        2.8       -1.0       -5.0        0.6 
   Tradition Energy                 -5.1       -3.5       -4.0        n/f 
 
   AVERAGE                          -0.2       -2.4       -1.8        0.6

Note: Numbers in millions of barrels, with the exception of refinery use, which is in percentage points.

n/f = no forecast

unch = unchanged

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

March 24, 2026 12:26 ET (16:26 GMT)

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Analysts See Weekly Decline in U.S. Crude-Oil Stockpiles

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