Stories tagged with DOE
TWIP (This Week in Petroleum) 12-19
Posted by Nate Hagens on December 19, 2007 - 5:41pm
Topic: Supply/Production
Tags: DOE, I Miss Robert, twip [list all tags]
Here is a link to the DOEs This Week In Petroleum. US crude inventories fell 7.6 million barrels. Consensus was for a drop of 1.5 million barrels. Total gasoline inventories rose 3 million barrels, much higher than an 800,000 expected rise. Implied gasoline demand fell .7% relative to the previous week. Crude oil, after trading as low as $89.70 for Feb delivery, rallied $1.50 to close at $91.70. The text, and some graphics from Lehman Brothers research report are below the fold:
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