The Energy Information Administration has delayed the release of its weekly petroleum status report, which had been due out at 10:30 a.m. Eastern. A notice on the EIA website said “release delayed.” An EIA spokesman told MarketWatch by email that there may have been “a technical issue publishing the new data,” and the team is “working through it and targeting 11am EDT for the release.”
An update on the website sets the release time at 11:30 a.m. The data were expected to show, on average, a decline of 4.9 million barrels in crude stockpiles for the week ended July 9, according to a survey of analysts conducted by S&P Global Platts. The survey also forecast an inventory decrease of 1.6 million barrels for gasoline and increase of 1.3 million barrels for distillates, which include heating oil. August West Texas Intermediate crude CLQ21, -1.52% was down 53 cents, or 0.7%, at $74.72 a barrel on the New York Mercantile Exchange.