A preliminary survey released on Tuesday, October 14th, indicated that US crude oil inventories are estimated to have risen last week, while gasoline and distillate inventories may have fallen.

Based on the average estimate of six surveyed institutions, US crude oil inventories are expected to have risen by approximately 2.3 million barrels in the week ending October 10th.

Due to Columbus Day, the American Petroleum Institute (API) delayed the release of its weekly industry inventory report until 04:30 Beijing Time on Thursday, and the US Energy Information Administration (EIA) delayed the release of its official inventory report until 00:00 Beijing Time on Friday.

The EIA report showed that US crude oil inventories rose by 3.7 million barrels to 420.3 million barrels in the week ending October 3rd, exceeding analysts' expectations of a 1.9 million barrel increase.

According to analysts' latest estimates, distillate inventories, which include diesel and heating oil, fell by approximately 1.6 million barrels last week, while gasoline inventories may have fallen by around 0.8 million tons.

Refinery capacity utilization is expected to have slipped 0.1% from 92.4% the previous week, the survey showed.

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