U.S. Petroleum Weekly – October 20, 2011

(For The Week Ending October 14, 2011)

Very strong inventory data is not translating into price strength.

Crude stocks fell 4.7 million barrels; Gasoline stocks were down 3.3 million barrels; Distillate stocks fell 4.3 million barrels; Propane/propylene stocks increased 1.0 million barrels; Other oils stocks rose 1.0 million barrels; Total crude oil and petroleum stocks were down 10.9 million barrels.

Bullish report.

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