Here are the results
| Released on 12/21/2011 10:30:00 AM For wk12/16, 2011 |
| Prior | Actual |
| Crude oil inventories (weekly change) | -1.9 M barrels | -10.6 M barrels |
| Gasoline (weekly change) | 3.8 M barrels | -0.4 M barrels |
| Distillates (weekly change) | 0.5 M barrels | -2.4 M barrels |
|
We have a decent draw on Crude inventories, my gut feel is that they feel they can re-stcok at lower prices with the Euro most probably breaking below $1.30, the dollar should see some strength sending crude pries lower so why re-stok at higher prices?
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