Given the accuracy (or lack of) recent crude oil forecasts here are the figures on offer for the week ended October 2:
According to analysts’ projections crude stocks are expected to rise for a third straight week as refiners cut processing rates amidst poor refining margins. The crude oil inventories are expected to rise by 1.3m barrels. Gasoline stocks are expected also expected to rise by 1.2m barrels and distillates (diesel & heating oil) are expected to rise by 400k barrels. Refining capacity is expected to remain unchanged at 84.6%.
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