U.S. Crude Oil Inventories Likely Dropped 2.8 Million Barrels in Week Ended March 21, Macquarie Says

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U.S. Crude Oil Inventories Likely Dropped 2.8 Million Barrels in Week Ended March 21, Macquarie Says

, MT Newswires - 5:58 AM ET 3/25/2025 default

05:58 AM EDT, 03/25/2025 (MT Newswires) -- U.S. crude inventories are expected to have fallen 2.8 million barrels in the week ended March 21, compared with an increase of 1.7 million barrels in the previous week, Macquarie said in a Monday note.

Net imports are projected to have increased as exports edged lower by 0.2 million barrels per day and imports rose by 0.2 million b/d, Macquarie said.

Implied domestic supply is expected to have declined by 1.1 million b/d, while strategic petroleum reserve stocks are seen to have ticked up by 0.2 million barrels, according to Macquarie.

Gasoline stockpiles are projected to have dropped by 2.7 million barrels and distillate stocks to have fallen by 4.3 million barrels. Jet fuel stocks are expected to have risen by 0.4 million barrels. Macquarie forecast implied demand for the three products at 14.6 million barrels per day.

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