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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: RBlatch who wrote (46762)	6/22/1999 6:31:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

RBlatch, FYI here's the Bloomberg skinny on the API numbers, maybe next week we crack 330. I hope, I hope, I hope. Gotta love those heating oil numbers too. Energy News Tue, 22 Jun 1999, 6:16pm EDT API Says U.S. Crude Oil Inventories Declined 5.751 Mln Bbls Washington, June 22 (Bloomberg Energy) -- U.S. crude oil inventories declined by 5.751 million barrels to 331.3 million barrels in the week ended June 18, the American Petroleum Institute said in its latest weekly report. The latest API figures show U.S. crude oil inventories are 7.21 million barrels down compared with the same period a year ago. U.S. gasoline inventories increased by 0.160 million barrels to 223.6 million barrels week on week, and were up 2.134 million barrels compared with the same time a year ago. Distillate stocks, which include heating oil and diesel fuel, were down 2.070 million barrels at 130.1 million barrels compared with the previous week. Against the previous year, distillate inventories declined by 1.2 million barrels, the API said. Residual fuel oil inventories stood at 40.8 million barrels week ended June 18, up 1.940 million barrels from the previous week. Residual fuel oil inventories were 39.0 million barrels the previous year. Weekly imports of crude oil to the U.S. decreased by 0.2 million barrels a day to 8.2 million b/d. Last year the U.S. imported 7.9 million b/d of foreign crude. U.S. refineries operated at 96.2% of capacity, compared with 96.7% during the previous week, and 98.8% at the same time a year ago. Total U.S. refinery capacity stood at 15.8 million b/d for the week ended June 18, unchanged from the previous week. Operable capacity was 15.8 million barrels the previous year. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.