The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: russwinter who started this subject	4/7/2004 11:15:37 AM
From: russwinter	Read Replies (2) of 110194

May crude back over $36 on this one, avenues of retreat and subterfuge are getting skinnier and skinnier. EIA U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) fell by 2.1 million barrels last week. At 292.2 million barrels, U.S. crude oil inventories are currently 20.9 million barrels less than the 5-year average for this time of year. Motor gasoline inventories dropped by 0.8 million barrels last week, and are 5.5 million barrels below the 5-year average. Distillate fuel inventories fell by 4.5 million barrels, with drops in both high-sulfur (heating oil) and low-sulfur (diesel fuel) inventories

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