06:05 AM EDT, 05/06/2025 (MT Newswires) -- U.S. crude oil inventories are expected to have increased by 2.4 million barrels in the week ended May 2, Macquarie said in a Monday note.

Net imports are also forecast to have risen, with exports lower by 0.2 million barrels per day and imports higher by 0.8 million b/d, Macquarie said.

Implied domestic supply is projected to have declined by 0.5 million b/d, according to Macquarie. However, strategic petroleum reserve stocks are seen to have gained 0.6 million barrels.

Among products, gasoline stocks are forecast to have decreased by 2.7 million barrels and distillate stocks down 1.9 million barrels. Jet fuel stocks are seen to have been nearly flat with a 0.1 million barrel increase. Macquarie expects implied demand for the three products at 14.5 million b/d.