CL Redux
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Didn't like the report. 
April 13, 2011, 10:05 a.m. EDT
Business inventories climb 0.5% in February
WASHINGTON (MarketWatch) - Inventories at U.S. businesses rose a seasonally adjusted 0.5% in February, the Commerce Department said Wednesday. Economists had been expecting inventories to rise 0.7%, compared to a revised 1.0% gain in January. Meanwhile, business sales rose 0.2%, compared to an increase of 2.0% in January. The inventory-to-sales ratio, an indication of demand, was flat at 1.24 in February.
April 13, 2011, 10:05 a.m. EDT
Business inventories climb 0.5% in February
WASHINGTON (MarketWatch) - Inventories at U.S. businesses rose a seasonally adjusted 0.5% in February, the Commerce Department said Wednesday. Economists had been expecting inventories to rise 0.7%, compared to a revised 1.0% gain in January. Meanwhile, business sales rose 0.2%, compared to an increase of 2.0% in January. The inventory-to-sales ratio, an indication of demand, was flat at 1.24 in February.
Summary of Weekly Petroleum Data for the Week Ending April 8, 2011
U.S. crude oil refinery inputs averaged 14.0 million barrels per day during the week
ending April 8, 354 thousand barrels per day below the previous weekâs average.
Refineries operated at 81.4 percent of their operable capacity last week. Gasoline
production increased last week, averaging nearly 9.0 million barrels per day. Distillate
fuel production decreased last week, averaging about 4.1 million barrels per day.
U.S. crude oil imports averaged just under 8.6 million barrels per day last week, down by
379 thousand barrels per day from the previous week. Over the last four weeks, crude oil
imports have averaged 8.9 million barrels per day, 316 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 889 thousand
barrels per day. Distillate fuel imports averaged 101 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) increased by 1.6 million barrels from the previous week. At 359.3 million
barrels, U.S. crude oil inventories are above the upper limit of the average range for this
time of year. Total motor gasoline inventories decreased by 7.0 million barrels last week
and are near the lower limit of the average range. Both finished gasoline inventories and
blending components inventories decreased last week. Distillate fuel inventories
decreased by 2.7 million barrels last week and are above the upper limit of the average
range for this time of year. Propane/propylene inventories increased by 1.0 million
barrels last week and are in the lower limit of the average range. Total commercial
petroleum inventories decreased by 5.0 million barrels last week.
Total products supplied over the last four-week period has averaged nearly 19.1 million
barrels per day, up by 0.1 percent compared to the similar period last year. Over the last
four weeks, motor gasoline product supplied has averaged nearly 9.0 million barrels per
day, down by 1.6 percent from the same period last year. Distillate fuel product supplied
has averaged 3.7 million barrels per day over the last four weeks, up by 1.4 percent from
the same period last year. Jet fuel product supplied is 1.6 percent lower over the last four
weeks compared to the same four-week period last year.
U.S. crude oil refinery inputs averaged 14.0 million barrels per day during the week
ending April 8, 354 thousand barrels per day below the previous weekâs average.
Refineries operated at 81.4 percent of their operable capacity last week. Gasoline
production increased last week, averaging nearly 9.0 million barrels per day. Distillate
fuel production decreased last week, averaging about 4.1 million barrels per day.
U.S. crude oil imports averaged just under 8.6 million barrels per day last week, down by
379 thousand barrels per day from the previous week. Over the last four weeks, crude oil
imports have averaged 8.9 million barrels per day, 316 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 889 thousand
barrels per day. Distillate fuel imports averaged 101 thousand barrels per day last week.
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) increased by 1.6 million barrels from the previous week. At 359.3 million
barrels, U.S. crude oil inventories are above the upper limit of the average range for this
time of year. Total motor gasoline inventories decreased by 7.0 million barrels last week
and are near the lower limit of the average range. Both finished gasoline inventories and
blending components inventories decreased last week. Distillate fuel inventories
decreased by 2.7 million barrels last week and are above the upper limit of the average
range for this time of year. Propane/propylene inventories increased by 1.0 million
barrels last week and are in the lower limit of the average range. Total commercial
petroleum inventories decreased by 5.0 million barrels last week.
Total products supplied over the last four-week period has averaged nearly 19.1 million
barrels per day, up by 0.1 percent compared to the similar period last year. Over the last
four weeks, motor gasoline product supplied has averaged nearly 9.0 million barrels per
day, down by 1.6 percent from the same period last year. Distillate fuel product supplied
has averaged 3.7 million barrels per day over the last four weeks, up by 1.4 percent from
the same period last year. Jet fuel product supplied is 1.6 percent lower over the last four
weeks compared to the same four-week period last year.