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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (30473)	4/23/2003 11:22:05 AM
From: isopatch	Respond to of 36161

Crude build 9 Mil BBls vs 3 Mil est. Let's see how much of a dent this big increase puts in the recent energy rally. <10:38am 04/23/03 U.S. crude supplies rise significantly By Myra P. Saefong The Energy Department reported a 9 million-barrel rise in crude stocks for the week ended April 18. Most analysts had been expecting crude stocks to rise around 3 million barrels. Total inventories stand at 286.2 million barrels -- 12.7 percent below their year-ago level, the government said. Motor gasoline inventories fell by 700,000 barrel to 201.2 million barrels in the latest week. Total supplies are 6.5 percent below the year-ago level. Distillate supplies rose by 400,000 barrels to total 96.1 million barrels -- 21.7 percent below the level seen a year earlier, the Energy Department said. Crude for June delivery is trading at $26.85 a barrel, down $1.14 on the New York Mercantile Exchange. May heating oil is down 1.26 cents to 76.6 cents a gallon and May unleaded gasoline is down 1.74 cents to 86 cents a gallon. Also on Nymex, May natural gas is trading at $5.57 per million British thermal units, down 7.5 cents.>