A recent survey by The Wall Street Journal predicts that {{8849|U.S. crcrude oil inventories will remain steady at 416.3 million barrels. The estimates for this data, are set to be released by the Department of Energy's Energy Information Administration on Wednesday at 10:30 a.m. ET, ranges from a decrease of 3 million barrels to an increase of 2.4 million barrels.
In addition, analysts are projecting a rise in gasoline stocks by 300,000 barrels. The forecasts for these stocks show a broad range of potential outcomes, from a decrease of 1.6 million barrels to an increase of 2.6 million barrels.
The survey also anticipates a decline in distillate stocks by 400,000 barrels and expects refinery use to drop by 0.3 percentage points to 89.2%. However, some forecasts suggest this change could be as much as a 0.8 percentage point shift.
This upcoming data release will provide crucial insights into the state of the U.S. energy market and could influence future trends and decisions within the industry.
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