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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Salt'n'Peppa	7/1/2009 10:36:06 AM
	2 Recommendations Read Replies (1) of 206135

EIA numbers show 4.4 million bbls added to petroleum stocks, higher than expected. Apparently seen as bullish by the markets, who may only be looking at the crude oil number. eia.doe.gov U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week. At 350.2 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories increased by 2.3 million barrels last week, and are in the lower half of the average range. Both finished gasoline inventories and gasoline blending components increased last week. Distillate fuel inventories increased by 2.9 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories increased by 3.7 million barrels last week and are above the upper limit of the average range. Total commercial petroleum inventories increased by 4.4 million barrels last week, and are above the upper limit of the average range for this time of year.

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