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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (5612)5/5/2004 11:56:57 AM
From: mishedlo  Read Replies (1) of 116555
 
U.S. crude, gas stocks up: Energy Dept
Wednesday, May 5, 2004 4:07:38 PM

SAN FRANCISCO (AFX) -- Crude futures fell to an intraday low after the Energy Department reported a 100,000-barrel climb in crude stocks for the week ended April 30 to total 298.4 million. Motor gasoline supplies rose by 4 million barrels in the latest week to 204 million, the data showed. Distillate inventories were up by 2.4 million barrels at 107.2 million barrels. Following the news, June crude is down 38 cents at $38.60 per barrel. June unleaded gasoline is down 1.88 cents at $1.287 a gallon and June heating oil is down 0.81 cent at 98 cents a gallon
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