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Market Update : 
Crude and Gasoline Inventories Decline
Author: 123jump.com Staff
123jump.com
Last Update: 10:50 AM EDT August 29 2007



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U.S. commercial crude oil inventories fell by 3.5 million barrels compared to the previous week. However, at 333.6 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year. Total motor gasoline inventories dropped by 3.6 million barrels last week, and are well below the lower end of the average range. Declines were seen in inventories for both finished gasoline and gasoline blending components.

 

 

 

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