US crude oil inventories likely declined in the week ended July 24 amid an expected uptick in refinery demand and stronger exports, an S&P Global Platts Analysis showed July 27. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Commercial crude stocks are expected to have fallen 1.2 million barrels to around 535.4 million barrels during the week ended July 24, analysts surveyed by Platts said. Despite the draw, the surplus to the five year average of US Energy Information Administration data would increase to around 19.2%, up from 19% the week prior. Refinery utilization is expected to climb around 0.5 percentage point to around 78.4% of total capacity, narrowing the deficit to the five-year average to 15.7%. Refinery […]