us crudeoil stockpiles are expected to have fallen slightly from the previous week in data due wednesday from the department of energy according to a survey by the wall street journal the average of estimates from 10 analysts and traders showed us commercial crudeoil stockpiles are projected to have declined by 100000 barrels for the week ended july 7 forecasters were split with five analysts predicting a decline and five forecasting an increase expectations range from a decrease of 31 million barrels to an increase of 3 million barrels the forecasts for a small decrease come as the doe wraps up a monthslong process of selling crude oil from the nations strategic petroleum reserve to the commercial side last weeks sale was for a relatively small 400000 barrels according to preliminary data which would bring those emergency crude supplies down to a nearly 40year low of 3468 million barrels the closely watched inventory data from the does energy information administration are scheduled for release at 1030 am et wednesday gasoline inventories are expected to fall by 11 million barrels from the previous week according to analysts estimates range from a decrease of 3 million barrels to an increase of 15 million barrels stocks of distillates which are mostly diesel fuel are expected to slip by 100000 barrels from the previous week forecasts range from a decrease of 2 million barrels to an increase of 25 million barrels refinery use likely rose by 02 percentage point from the previous week at 913 forecasts range from a decrease of 06 percentage point to an increase of 1 percentage point two analysts didnt make a forecast note numbers in millions of barrels with the exception of refinery use which is in percentage points