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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (46103)6/8/1999 7:50:00 PM
From: BigBull  Read Replies (1) of 95453
 
K. L. - As I understand it, API "revised" the week previous numbers DOWN about 1 mill barrels. So last weeks numbers SHOULD have been a draw of over 2 million barrels instead of what was reported. That means last weeks numbers should have been ~ 329.1 correct? So basically for the last three weeks (inclusive)we've had a draw on crude of approximately 3.4 million barrels. Not great, but not a disaster either. Still, by this time, with all the OPEC cuts and imports being down, one would think we would start getting better draw numbers than this. Have you kept track of the DOE numbers for the last 3 weeks? After tomorrows report maybe the thread could compare them. As I recall, last weeks DOE numbers were pretty radically different from API.

It really is a pity that timely and accurate data can not be had from these agencies.
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