U.S. Petroleum Weekly – June 9, 2011

June 9th, 2011 by Belisarius

(For The Week Ending June 3, 2011)

Demand is strengthening, crude oil stocks declined, distillates increased. Supply/demand balance is tight.

Crude stocks fell 4.8 million barrels; Gasoline stocks were up 2.2 million barrels; Distillate stocks increased 0.8 million barrels; Propane/propylene stocks rose 1.8 million barrels; Other oils stocks rose 2.2 million barrels; Total crude oil and petroleum stocks rose 1.5 million barrels.

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