U.S. Petroleum Weekly – May 12, 2011

(For The Week Ending May 6, 2011)

Mixed bag of data. Low refinery utilization rates, low net imports, low product stocks. On the other hand high level of crude oil .

Driving season could begin to lower the crude inventory.

Crude fell stocks rose 3.8 million barrels; Gasoline stocks were up 1.3 million barrels; Distillate stocks decreased 0.8 million barrels; Propane/propylene stocks rose 1.1 million barrels; Other oils stocks rose 1.0 million barrels; Total crude oil and petroleum stocks were 6.4 million barrels lower for the week.

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