06:02 AM EST, 02/19/2025 (MT Newswires) -- U.S. crude oil inventories are forecast to have gained 3.8 million barrels in the week ended Feb. 14, lower than the increase of 4.1 million barrels in the previous week, Macquarie said in a Tuesday note.

Net imports are expected to have recorded a moderate decrease, with exports up 0.2 million barrels per day and imports down 0.3 million b/d, Macquarie said.

Implied domestic supply is projected to have risen by 0.3 million b/d, according to Macquarie. Strategic petroleum reserve stocks are forecast to have held steady week over week.

U.S. gasoline and jet fuel stocks are expected to have increased by 1.1 million barrels and 1.5 million barrels, respectively, while distillate stocks are expected to have recorded a decrease of 1.2 million barrels, Macquarie said. Implied demand for the three products are forecast at around 14 million b/d.