API guesses: Bloomberg survey of seven analysts
Supplies of crude oil probably fell between 600,000 and 1.3 million barrels last week.
``The rate of imports is expected to remain low,'' said Tim Evans, senior energy analyst at IFR Pegasus in New York. ``Because of the relative rise in Brent prices, we are not bidding aggressively enough to bring imports here.''
Imports were the lowest in 10 months, a report last week from the American Petroleum Institute showed.
Inventories of distillate fuels probably fell between 400,000 and 900,000 barrels, and gasoline inventories probably rose between 1 million barrels and 1.5 million barrels, analysts said.
``This is usually one of the last six or seven weeks when we see rises in gasoline stockpiles before the driving season,'' said Bill O'Grady, director of fundamental futures research at A.G. Edwards & Sons Inc. in St. Louis.
U.S. refinery utilization probably fell about 0.2 percentage point from 90.3 percent of capacity, according to the survey. |
