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Weekly EIA Energy Stocks Report Recap

Posted by Mike Zarembski on August 29, 2007 11:05 AM

Crude Oil stocks fell by 3.5 million barrels versus estimates of a 600,000 to 1 million barrel draw.

Gasoline stocks fell by 3.6 million barrels versus estimates of a 1.8 to 2 million barrel draw.

Distillate stocks – including Heating Oil – rose by 900,000 barrels versus estimates for a 600,000 barrel rise.

Refinery utilization came in at 90.3% versus 91.6% last week.

Mike Zarembski, Senior Commodity Analyst