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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: GREENLAW4-7 who wrote (123023)8/5/2009 10:36:39 AM
From: Salt'n'Peppa  Read Replies (1) of 206305
 
Yet another bearish EIA weekly report, not that it matters.

Crude imports were down 740K barrels per day, or 5.2MM barrels for the week, yet crude inventories still rose.
Gasoline demand is very weak.

S&P

eia.doe.gov

U.S. crude oil imports averaged 9.3 million barrels per day last week, down 737
thousand barrels per day from the previous week.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 1.7 million barrels from the previous week. At
349.5 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
decreased by 0.2 million barrels last week, and are in the upper half of the
average range. Both finished gasoline inventories and gasoline blending
components decreased last week. Distillate fuel inventories decreased by 1.1
million barrels, and are above the upper boundary of the average range for
this time of year. Propane/propylene inventories increased by 0.6 million
barrels last week and are above the upper limit of the average range. Total
commercial petroleum inventories decreased by 2.7 million barrels last week,
and are above the upper limit of the average range for this time of year.
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