Wednesday, January 31, 2007

Crude Awakenings

The latest government figures show crude inventories rose 2.68 mln barrels vs. consensus estimate of 1.5 mln. Gasoline inventories surged by 3.82 mln vs. consensus estimate of a rise of 1.8 mln. The Distillates fell 2.65 mln barrels vs. the consensus estimate for a draw of 2.1 mln barrels. Crude continues to hold above $56/bbl.

No comments: