Wednesday, April 18, 2007

EIA Data

For those keeping track:

DOE Crude Inventories for week of April 13th:
Crude inventories fell by 994K vs. consensus estimate for a rise of 650K. Gasoline inventories DOWN AGAIN BY A LARGE 2.72 mln barrels vs. consensus estimate of 1.9 mln. Distillates slipped by 795K vs. consensus estimate of for a decline of 926,000.

Again, these inventory numbers are bullish for gasoline - meaning bearish for the wallet at the pump.

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