According to foreign news on October 17, an in-depth survey released on Tuesday showed that U.S. crude oil and refined oil inventories were expected to decline last week.
On average, the seven analysts surveyed expected that U.S. crude oil inventories fell by about 300,000 barrels in the week ending October 13.
The U.S. Energy Information Administration (EIA) will release an oil inventory report at 22:30 Beijing time on Wednesday. Data released last week showed that U.S. crude oil inventories increased by 10.2 million barrels in the week to October 6 to 424.2 million barrels, far exceeding market expectations for an increase of 500,000 barrels.
Analysts expect gasoline inventories to decrease by about 1.1 million barrels in the week of October 13, and distillate inventories including diesel and heating oil are expected to decrease by about 1.4 million barrels.
The survey showed that refinery capacity utilization was expected to increase by 0.1% last week, from 85.7% the previous week.
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