Tthe latest Platts survey is looking for a 1.7 million barrel build in crude oil stocks, a 600,000 barrel increase in gasoline supplies, and a 1.2 million barrel gain in distillate inventories. Our cut at the data would suggest a somewhat larger crude oil build than the market expects, with draws in both gasoline and distillate supplies. Once again the most important aspect of the data will be the trend in implied diesel demand and what it may or may not reveal with regard to the current pace of manufacturing activity.
Tags: crude oil inventory outlook, platts inventory estimate, Platts oil inventory assessment, platts survey
