U.S. Petroleum Weekly – October 20, 2011

October 20th, 2011 by Belisarius

(For The Week Ending October 14, 2011)

Very strong inventory data is not translating into price strength.

Crude stocks fell 4.7 million barrels; Gasoline stocks were down 3.3 million barrels; Distillate stocks fell 4.3 million barrels; Propane/propylene stocks increased 1.0 million barrels; Other oils stocks rose 1.0 million barrels; Total crude oil and petroleum stocks were down 10.9 million barrels.

Bullish report.

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