On Monday, April 20, a preliminary survey indicated that U.S. crude oil inventories are expected to have declined last week, while stocks of distillates and gasoline are also projected to have decreased.

The average estimate of five analysts surveyed suggests that U.S. crude oil inventories fell by approximately 1.8 million barrels for the week ending April 17.

The American Petroleum Institute (API) is scheduled to release its weekly inventory report at 4:30 AM Beijing time on Wednesday, while the U.S. Energy Information Administration (EIA) will publish its weekly inventory report at 10:30 PM Beijing time on Wednesday.

Previously, EIA data showed that for the week ending April 10, U.S. crude oil inventories fell by 913,000 barrels to 463.8 million barrels—a result that contrasted with analysts' prior expectations of an increase of 154,000 barrels.

Analysts estimate that gasoline inventories likely declined by about 1.3 million barrels last week, while distillate stocks—including diesel and heating oil—are expected to have fallen by approximately 2.5 million barrels.

The survey also indicates that refinery utilization rates are projected to have risen by 0.4 percentage points from the previous week's level of 89.6%.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.