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To: ild who wrote (125689)9/26/2001 2:29:15 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
API's out...huge build in gasoline, slight draws in crude and distillate:

5:50pm 09/25/01 API POSTS 1.3 MLN BARREL DROP IN DISTILLATE STOCKS - DJ
5:49pm 09/25/01 API POSTS 256,000 BARREL DROP IN CRUDE STOCKS - DJ
5:50pm 09/25/01 API POSTS 8.7 MLN BARREL RISE IN GASOLINE STOCKS - DJ

This tells me two things:

1) Refiners will need to drastically slow down gasoline production, probably dropping their margins further

2) Auto usage WAY down post WTC...if it lasts, bad news for retailers, autos, hotel/motels and integrated oils. Probably net bearish for the oil patch in general.