US crude supply likely expands amid weak refinery runs

摘要

New York-US crude inventories likely built for a second straight week last week as refinery demand remained hampered by turnaround work and unplanned maintenance, an S&P Global Platts analysis showed. Total commercial crude stocks likely increased 3 million barrels to 434.7 million barrels during the week ended January 31, analysts surveyed Monday by Platts said. The build would leave stocks 2.4% behind the five-year average of US Energy Information Administration data, the widest deficit since September 2018, and would mark the third week inventories have lost ground to historic levels.