U.S. crude oil inventories are expected to have decreased by around 5.8 million barrels in the week ended Nov. 22, compared with an increase of 0.5 million barrels the previous week, Macquarie said in a Monday note.
Macquarie forecast a large drop in net imports, with exports lower by 0.3 million barrels per day (b/d) and imports falling 1.9 million b/d. Implied domestic supply is expected to post an increase of 1 million b/d, Macquarie noted.
Macquarie forecast a large drop in net imports, with exports lower by 0.3 million barrels per day (b/d) and imports falling 1.9 million b/d. Implied domestic supply is expected to post an increase of 1 million b/d, Macquarie noted.
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