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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Dennis Roth who wrote (42236)4/27/2005 10:32:58 AM
From: Dennis Roth  Read Replies (1) of 206325
 
U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) climbed by 5.5 million barrels from the previous week. At
324.4 million barrels, U.S. crude oil inventories are above the upper end of the
average range for this time of year. Total motor gasoline inventories fell by
0.3 million barrels last week, putting them in the upper end of the average
range. Distillate fuel inventories dropped by 1.4 million barrels last week,
and are now in the lower half of the average range for this time of year. Total
commercial petroleum inventories rose by 6.7 million barrels last week, and
remain in the upper half of the average range.

For the full weekly EIA report for those few who don't already have it bookmarked see: eia.doe.gov

But inventory levels don't matter any more, or so we have been told, because the New Paradigm that has liberated oil from the old commodity price cycle. <ggg>



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