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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: diana g who wrote (46842)6/24/1999 8:08:00 AM
From: Think4Yourself  Read Replies (2) of 95453
 
DOE suggests Greg is wrong. While there was a 41 thousand Bbl change
to the SPR last week according to DOE, totals did not change (due to
accuracy only going to the hundred thousand barrel level). I would
trust DOE SPR level numbers over API numbers (DOE reporting is
mandatory and SPR is under control of DOE). Both DOE and API say
crude stocks went down last week, so Gary's post contradicts both
reports.

Petroleum Stocks Percent Chg from
(Million Barrels) 06/18/99 06/11/99 06/18/98 Prev Wk Yr Ago
------------------------------------------------------------------------------
Total Stocks (Excluding SPR) ... 1,069.4 1,073.3 1,090.4 -0.4 -1.9
Crude Oil in SPR (10)........... 573.6 573.6 563.4 0.0 1.8
Total Stocks (Including SPR) ... 1,643.0 1,646.9 1,653.9 -0.2 -0.7

10 Crude oil stocks in the SPR include Non-US stocks held under foreign or
commercial storage agreements.
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