US crude stocks expected 6.3 million barrels lower Refinery utilization expected at December 2019 levels Gasoline, distillate stocks likely build US crude oil inventory draws likely extended during the week ended June 18 amid an expected increase in refinery demand to levels last seen in December 2109, analysts surveyed by S&P Global Platts said June 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total commercial crude stocks are expected to have declined around 6.3 million barrels in the week, a draw that would put stocks 5.5% behind the five-year average of US Energy Information Administration data at 460.4 million barrels. The counter-seasonal draw would see stockpiles decline for a fifth straight week, leaving them down nearly 26 million barrels from mid-May and the lowest since the week ended March 20, 2020. The draw comes as refinery utilization is expected by analysts to average […]