US refined product inventories likely declined in the week ended May 13, analysts surveyed by S&P Global Commodity Insights said May 16, with distillate stocks expected to test 17-year-lows amid continued strong export demand. Nationwide gasoline stocks are expected to have declined 100,000 barrels over the period to around 224.9 million barrels. The draw would mark a seventh consecutive week of inventory slides and would leave stocks nearly 6% behind the five-year average of US Energy Information Administration data. Distillate stockpiles, meanwhile, likely drew 1 million barrels lower to 103 million barrels, analysts said, falling more than 24% behind the five-year average and hitting the lowest outright level since April 2005.
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