Analysts See Decline in U.S. Crude Oil Stockpiles

By Anthony Harrup

U.S. crude oil inventory withdrawals likely extended to a sixth consecutive week along with a decline in distillate stocks, while gasoline stocks are seen holding steady, according to a survey by The Wall Street Journal.

Commercial crude stocks are expected to have fallen by 700,000 barrels to 409.1 million barrels in the week ended Nov. 6, according to the average estimate of nine analysts and traders. Three expect an increase and six predict a decline. Expectations range from a stock build of 2.2 million barrels to a drop of 3.1 million barrels.

Gasoline inventories are expected to be unchanged at 209 million barrels, with estimates ranging from a 1 million barrel increase to a 1.6 million barrel withdrawal.

Stocks of distillate fuel, mostly diesel, are seen falling by 1.2 million barrels to 98.1 million barrels, with forecasts ranging from a 3 million barrel withdrawal to a 1 million barrel build.

Refinery capacity likely rose by half of a percentage point to 95%, according to the survey. Forecasts range from a 0.3 percentage point increase to a 0.9 percentage point increase. Two analysts didn't forecast refinery runs.

The U.S. Energy Information Administration is scheduled to release inventory data on Thursday at 12 p.m. ET.

 
                                    Crude    Gasoline  Distillates Refinery Use 
   Again Capital                    -1.7        0.9       -2.4        0.9 
   Confluence Investment Management  1.5       -0.5        0.6        0.3 
   Rystad Energy                    -3.1       -0.4       -0.9        0.4 
   Excel Futures                    -1.5       -1.6       -2.4        0.4 
   Spartan Capital Securities       -2.6       -1.3       -1.6        n/f 
   Mizuho                           -1.0        1.0        1.0        0.5 
   Price Futures Group               0.5        0.5       -2.0        0.5 
   Ritterbusch and Associates        2.2        1.0       -0.2        0.4 
   Tradition Energy                 -0.3        0.1       -3.0        n/f 
 
   AVERAGE                          -0.7       unch       -1.2        0.5 
 

Note: Numbers in millions of barrels, with the exception of refinery use, which is in percentage points.

n/f = no forecast

unch = unchanged

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

November 11, 2026 13:00 ET (18:00 GMT)