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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: patron_anejo_por_favor who wrote (41085)9/8/2005 11:34:41 AM
From: ild  Read Replies (2) of 110194
 
Crude oil stocks fell less sharply than expected in the Katrina-marred Sept. 2 week, down 6.4 million barrels to 315 million and still well above average. The data exclude inventories in the nation's strategic petroleum reserve.

Gasoline inventories also fell less than expected, down 4.3 million barrels and, in contrast to oil stocks, are well below average -- a reflection of refinery constraints made more severe by the destruction in the Gulf Coast. Refineries operated at only 86.8% of capacity in the week, far below prior readings in the high and mid-90s.

Distillate stocks rose 0.8 million barrels and are also above average.
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