The average of estimates from 10 analysts and traders showed U.S. commercial crude-oil stockpiles are projected to have decreased by 1.3 million barrels for the week ended July 28. Expectations range from a decrease of 4 million barrels to an increase of 1.9 million barrels. Gasoline inventories are expected to fall by 1.3 million barrels from the previous week, according to analysts. Estimates range from a decrease of 3 million barrels to an increase of 1.1 million barrels. Forecasts range from a decrease of 3 million barrels to an increase of 1.4 million barrels.

Source: Wall Street Journal August 02, 2023 09:06 UTC