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

To: marc chatman who wrote (26662)	7/28/1998 5:45:00 PM
From: P.Prazeres	Respond to of 95453

API Says U.S. Crude Oil Inventories Declined 0.830 Mln Bbls Washington, July 28 (Bloomberg) -- U.S. crude oil inventories declined by 0.830 million barrels to 340.7 million barrels in the week ended July 24, the American Petroleum Institute said in its latest weekly report. The latest API figures show U.S. crude oil inventories are 31.76 million barrels up compared with the same period a year ago. U.S. gasoline inventories declined by 0.538 million barrels to 219.6 million barrels week on week, and were up 24.988 million barrels compared with the same time a year ago. Distillate stocks, which include heating oil and diesel fuel, were up 2.314 million barrels at 143.0 million barrels compared with the previous week. Against the previous year, distillate inventories increased by 23.7 million barrels, the API said. Residual fuel oil inventories stood at 38.5 million barrels week ended July 24, down 0.164 million barrels from the previous week. Residual fuel oil inventories were 36.9 million barrels the previous year. Weekly imports of crude oil to the U.S. increased by 0.0 million barrels a day to 8.8 million b/d. Last year the U.S. imported 8.1 million b/d of foreign crude. U.S. refineries operated at 99.7% of capacity, compared with 100.3% during the previous week, and 96.1% at the same time a year ago. Total U.S. refinery capacity stood at 15.8 million b/d for the week ended July 24, unchanged from the previous week. Operable capacity was 15.6 million barrels the previous year.