US crude oil inventories likely declined during the week ended July 3 amid an expected uptick in refinery demand and rising exports, analysts surveyed by S&P Global Platts said July 6. Receive daily email alerts, subscriber notes & personalize your experience. Register Now US commercial crude stockpiles likely dipped 3.7 million barrels to around 529.8 million barrels in the week ended July 3, as per the survey. The second successive weekly draw would put inventories nearly 11 million barrels off of their all-time high hit in mid-June. However, since US Energy Information Administration data shows crude stocks typically draw around 6 million barrels this time of year, the forecast draw would expand the surplus to the five-year average to 15.8%, up from […]