US Crude Stocks- Up 6.156 MB
US Gasoline Stocks- Down 2.508 MB
US Distillate Stocks- Down 1.805 MB
US Crude Stocks- Up 1.525 MB
US Gasoline Stocks- Down 2.088 MB
US Distillate Stocks- Up1.031 MB
In terms of U.S. data for the week ending April 22, the latest Platts survey is calling for a 1.6 million barrel build in crude oil stocks, a 1.5 million barrel fall in gasoline supplies, and a 650,000 barrel increase in distillate fuel oil inventories. Our stab at the numbers would suggest a crude oil stock build close to consensus expectations and a gasoline draw smaller than what the market is looking for. We also expect another decline in distillate supplies, despite the likelihood that implied demand fell back from the prior week’s above-trend average of more than 4.1 MMB/D.
