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


To: BigBull who wrote (50178)8/31/1999 9:57:00 PM
From: upanddown  Respond to of 95453
 
Didn't see the API predictions so here they are with the actual numbers.
Crude +2.572M vs estimate of +500K to 900K
Gas -2.934M vs estimate of -2.6 to 3.0M
Dist -303K vs estimate of -1.1 to 1.5M
Utilization -1.9% vs estimate of -0.2 to -0.5%

Reduced utilization really accounted for all the crude increase
plus a million barrels since crude runs declined 514K daily,
probably due mostly to Bret. Lets see how Doomberg spins it.
Last week they ignored the good crude nos and focused on gas.
This week they will probably do the reverse.

John