Wednesday, January 24, 2007

Quick DOE Data

Crude inventories rose by just 789K barrels vs. consensus estimate of 1.3 mln. Gasoline inventories rose by over 4.01 mln vs. consensus estimate of 1.5 mln. Distillates were up 750,000 vs. consensus estimate of a drop of 250K.

No doubt, these numbers give the bears something to work with, even with the smaller than expected rise in crude inventory number.

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