U.S. Petroleum Weekly – April 21, 2011
(For The Week Ending April 15, 2011)
Goldman will certainly have a good explanation how in a depressed demand environment stockpiles are falling in a oversupplied market.
Crude fell stocks fell 2.3 million barrels; Gasoline stocks were down 1.6 million barrels; Distillate stocks decreased 2.5 million barrels; Propane/propylene stocks fell 0.4 million barrels; Other oils stocks rose 1.0 million barrels; Total crude oil and petroleum stocks were 6.7 million barrels lower for the week.
Look at the gasoline stocks seasonality chart. The most bullish data point on crude oil since 2007.
