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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter	10/20/2004 1:19:24 PM
	of 110194

FALL IN US DISTILLATE STOCKS DRIVES CRUDE PRICES ABOVE $50/BBL 10-20-2004 According to the latest weekly figures from the US Department of Energy, distillate stock fell by 1.9 million barrels last week. The fall of 1.6% was nearly double analysts’ expectations, and with peak seasonal demand for heating oil imminent, fears of winter shortages of heating oil are being exacerbated. Rising demand for product imports to replace low stocks are likely to bring upward pressure on clean MR tanker rates in the Atlantic. Only marginal improvement in GOM shut ins: mms.gov

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