Analysts forecast draws in US crude, gasoline and distillate stocks

London (Quantum Commodity Intelligence) - US crude, gasoline and distillate stocks will have drawn last week, according to a poll of analysts by Reuters.

Crude stocks will be down a further 2.3 million barrels over the week to May 7 to extend the previous week's loss of 8 million barrels.

Gasoline stock will be down 400,000 barrels to reverse some of the 700,000 barrels over the week to April 30.

Distillate stocks will be down 1 million barrels, adding to the 2.9 million-barrel draw a week earlier.

Refinery utilization rates will have increased 0.5% over the week to 87%.

The American Petroleum Institute will release its weekly oil statistics on Tuesday and the Energy Information Administration will release its data on Wednesday.