Wednesday, September 29, 2010

EIA Inventories- down

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 0.5 million barrels from the previous week. At 357.9 million
barrels, U.S. crude oil inventories are above the upper limit of the average range for this
time of year. Total motor gasoline inventories decreased by 3.5 million barrels last week
and are above the upper limit of the average range. Both finished gasoline inventories and
blending components inventories decreased last week. Distillate fuel inventories
decreased by 1.3 million barrels and are above the upper boundary of the average range
for this time of year. Propane/propylene inventories decreased by 0.3 million barrels last
week and are in the lower half of the average range. Total commercial petroleum
inventories decreased by 5.1 million barrels last week.

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