06:00 AM EDT, 08/05/2025 (MT Newswires) -- U.S. crude oil inventories likely increased by 1.3 million barrels in the week ended Aug. 1, easing from the prior week's gain of 7.7 million barrels, Macquarie said in a Monday note.

Net imports are expected to have declined, with exports up 0.6 million barrels per day and imports down 0.2 million b/d, Macquarie noted.

Implied domestic supply is projected to have fallen by 0.2 million b/d, while strategic petroleum reserve stocks are forecast to have gained 0.3 million barrels, according to Macquarie.

Gasoline stocks are expected to have dropped 2.1 million barrels and jet fuel inventories are expected to have declined 0.6 million barrels. Meanwhile, distillate stockpiles are forecast to have risen by 0.8 million barrels. Macquarie projected implied demand for the three products at 14.5 million barrels.