Thursday, January 18, 2007

More Bearish DOE Data

Crude has been whipsawed again... but $50 area is still holding.

Crude inventories surged 6.77 mln barrels vs. consensus estimate of 100K. Gasoline inventories up 3.49 mln vs. consensus estimate of .225 mln. Distillates rose 910K vs. consensus estimate of 1.35 mln.

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