U.S. Crude-Oil Stockpiles Likely Declined in DOE Data, Analysts Say

U.S. crude-oil stockpiles are expected to have decreased from the previous week in data due Thursday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal.

Estimates from nine analysts and traders showed U.S. oil inventories are projected to have declined by 1.2 million barrels for the week ended July 1. Seven of the analysts surveyed are expecting a decline, while two forecast an increase. Forecasts range from a decrease of 4 million barrels to an increase of 3.1 million barrels.