RE:Projected EIA for today?NEW YORK--U.S. crude-oil stocks are expected to decline in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal.
Estimates from 11 analysts surveyed showed that U.S. oil inventories are projected to have fallen by 1.9 million barrels, on average, in the week ended Dec. 12.
Ten analysts expect stockpiles to fall, while one analyst expects a rise. Forecasts range from a rise of 1 million barrels to a drop of 3.5 million barrels.
The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EST Wednesday.
Gasoline stockpiles are expected to rise by 2 million barrels, according to analysts. Ten analysts expect a gain, with one expecting a decline. Estimates range from a rise of 5 million barrels to a drop of 2 million barrels.
Stocks of distillates, which include heating oil and diesel, are expected to rise by 1 million barrels. Eight analysts expect a rise, while two see a decline and one sees no change. Forecasts range from a drop of 1.5 million barrels to a gain of 3.5 million barrels.
Refinery use is seen falling 0.1 percentage point to 95.3% of capacity, based on EIA data. Three analysts expect a decline, two expect a rise, four expect no change and two didn't provide an estimate. Forecasts range from a rise of 0.1 point to a drop of 0.5 point.