U.S. Petroleum Weekly – October 27, 2011

October 27th, 2011 by Belisarius

(For The Week Ending October 21, 2011)

Strong price action in the front end of the curve pushed the WTI into backwardation.

Crude stocks rose 4.7 million barrels; Gasoline stocks were down 1.4 million barrels; Distillate stocks fell 4.3 million barrels; Propane/propylene stocks increased 0.2 million barrels; Other oils stocks rose 0.3 million barrels; Total crude oil and petroleum stocks were up 0.7 million barrels.

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