By Anthony Harrup
U.S. crude oil inventories likely held steady last week, while gasoline stocks are seen rising and diesel stocks falling from the week before, according to a survey by The Wall Street Journal.
Commercial crude stocks are expected to be unchanged at 423.8 million barrels for the week ended Jan. 30, according to the average estimate of nine analysts and traders. Five expect an increase and four predict a drop in stocks, with estimates ranging from a build of 4.1 million barrels to a withdrawal of 4 million barrels.
Gasoline inventories are estimated to have risen by 1.3 million barrels to 258.5 million barrels, with forecasts ranging from a 4.7 million barrel increase to a decline of 3 million barrels.
Stocks of distillate fuel, mostly diesel, are seen down by 2.4 million barrels at 130.5 million barrels. Estimates range from a 6.4 million barrel withdrawal to a 1.8 million barrel build.
Refinery capacity use likely fell by 1 percentage point to 89.9%, according to the survey, with forecasts ranging from unchanged to a 3.2 percentage point decline. Two analysts didn't forecast refinery runs.
The U.S. Energy Information Administration is scheduled to release the inventory data on Wednesday at 10:30 a.m. EST.
Crude Gasoline Distillates Refinery Use
Again Capital 1.4 2.6 1.8 -1.4
Confluence Investment Management 3.5 0.5 -1.0 -0.5
Rystad Energy 0.7 0.5 -6.4 -3.2
Excel Futures -2.5 1.3 -1.2 -0.6
Spartan Capital Securities 2.3 0.9 -3.8 n/f
Mizuho -2.0 1.0 1.0 -0.5
Price Futures Group -4.0 -3.0 -3.0 unch
Ritterbusch and Associates 4.1 4.7 -5.0 -0.6
Tradition Energy -4.0 3.6 -4.5 n/f
AVERAGE unch 1.3 -2.4 -1.0
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
February 03, 2026 12:33 ET (17:33 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
