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Macquarie Strategists Forecast USA Crude Inventory Build
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 10.8 million barrels for the week ending January 31. “This compares to our early look for the week which anticipated an 11.7 million barrel build, and a 3.5 million barrel build realized for the week ending January 24,” the strategists said in the report. “On the product side of the ledger, in aggregate, our expectations are slightly looser than our early view,” they added. In the report, the Macquarie strategists noted that, “for this ... (full story)