Wednesday, March 3, 2010

DJ US OIL INVENTORIES SURVEY: Oil Inventories Expected To Rise

NEW YORK (Dow Jones)--U.S. crude-oil and gasoline stocks are seen rising in
data due Wednesday from the Department of Energy, according to a Dow Jones
Newswires survey of analysts.

The data, put out by the department's Energy Information Administration and
covering the week ended this past Friday, are due to be released at 10:30 a.m.
EST Wednesday. The American Petroleum Institute, an industry group, will issue
its data at 4:30 p.m. EST Tuesday.

Crude-oil inventories are expected to rise by 700,000 barrels, according to
the mean of eight analysts' forecasts, with six analysts predicting a build and
two a draw. Predictions range from a decline of 1.6 million barrels to an
increase of 2.25 million barrels.

Gasoline stocks are expected to increase by 600,000 barrels, with five
analysts predicting an increase, two a decrease and one no change. Forecasts
range from a drop of 750,000 barrels to an increase of 2 million barrels.

Distillate stocks, including diesel and heating oil, are expected to fall
300,000 barrels. Five analysts predict a drop, two predict an increase and one
expects no change, with forecasts ranging from a decline of 1.75 million
barrels to an increase of 1.8 million barrels.

Refiners are expected to leave utilization unchange at 81.2% of capacity.
Three analysts expect an increase, two a decrease and three no change.

Analyst Crude Gasoline Distillates Refining

Cameron Hanover +2.25 -0.75 -1.75 +0.35
Citi Futures +1.5 +1 -1 unch
GA Global Markets -1.6 +1.2 +1.8 unch
MF Global-Fitzpatrick +0.3 unch -1.1 unch
PFGBest -1 +2 +1 +0.5
Prestige Economics +2 -0.5 -0.5 +0.3
Ritterbusch & Assoc. +0.5 +1.7 unch -0.5
Societe Generale +1.6 +0.1 -0.5 -0.2

Average +0.7 +0.6 -0.3 unch
Figures in millions of barrels except for refining use, which is
reported in percentage points. Figures are rounded to two decimal
places in table, one decimal place in averages and story. For analysts
providing forecasts in a range, the average of the upper and
lower ends of the range is used.

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