US crude stocks to build as refiners cut runs amid COVID-19-hit product demand

摘要

New York—US crude inventories likely moved higher last week as refiners cut runs in response to an historic decline in gasoline demand, an S&P Global Platts Analysis showed Monday. Commercial crude stocks are expected to rise 8.4 million barrels to around 477.6 million barrels during the week ended April 3, analysts surveyed by Platts Monday said. The build would put inventories around 0.9% above the five-year average of US Energy Information Administration data.