A recent survey indicates that U.S. crude oil, distillate, and gasoline inventories likely all decreased last week.

On average, analysts participating in the survey estimated that crude inventories for the week ending May 29 fell by approximately 4 million barrels.

Estimates suggest gasoline inventories declined by about half a million barrels, while distillate stocks, which include diesel and heating oil, are projected to have decreased by roughly 300,000 barrels.

The survey also forecasts that refinery capacity utilization likely increased by 0.3 percentage points from the prior week's level of 94.5%.

According to data from an industry group released on Tuesday and cited by market sources, crude oil inventories for the week ending May 29 fell by 6.8 million barrels. In contrast, gasoline stocks reportedly increased by 3.5 million barrels, while distillate inventories saw a decline of 214,000 barrels.

Official government inventory data is scheduled for release on Wednesday.

Last week's official report showed that crude oil inventories had decreased by 3.3 million barrels, bringing the total to 441.7 million barrels for the week ending May 22.