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Market Update : 
Crude and Distillate Inventories Rise
Author: 123jump.com Staff
123jump.com
Last Update: 10:52 AM ET April 29 2009



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U.S. commercial crude oil inventories increased by 4.1 million barrels from the previous week. At 374.7 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 4.7 million barrels last week, and are in the upper half of the average range. Finished gasoline inventories fell last week and gasoline blending components inventories decreased during this same time.

 
The following is the un-edited press release from the Energy Information Administration.


Summary of Weekly Petroleum Data for the Week Ending April 24, 2009


U.S. crude oil refinery inputs averaged about 14.3 million barrels per day during the week ending April 24, down 182 thousand barrels per day from the previous week''s average. Refineries operated at 82.7 percent of their operable capacity last week. Gasoline production decreased last week, averaging 8.8 million barrels per day. Distillate fuel production increased last week, averaging nearly 4.2 million barrels per day.

U.S. crude oil imports averaged about 9.8 million barrels per day last week, down 31 thousand barrels per day from the previous week. Over the last four weeks, crude oil imports have averaged 9.6 million barrels per day, 246 thousand barrels per day below the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 841 thousand barrels per day. Distillate fuel imports averaged 123 thousand barrels per day last week.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.1 million barrels from the previous week. At 374.7 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories decreased by 4.7 million barrels last week, and are in the upper half of the average range. Finished gasoline inventories fell last week and gasoline blending components inventories decreased during this same time. Distillate fuel inventories increased by 1.8 million barrels, and are above the upper boundary of the average range for this time of year. Propane/propylene inventories increased by 1.7 million barrels last week and are above the upper limit of the average range. Total commercial petroleum inventories increased by
5.5 million barrels last week, and are above the upper limit of the average range for this time of year.

Total products supplied over the last four-week period has averaged 18.4 million barrels per day, down by 6.8 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged 9.1 million barrels per day, down by 0.5 percent from the same period last year. Distillate fuel demand has averaged about 3.7 million barrels per day over the last four weeks, down by 10.5 percent from the same period last year. Jet fuel demand is 11.8 percent lower over the last four weeks compared to the same four-week period last year.


Available at:

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/wpsr.txt
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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