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Crude oil Inventory Expectations :-..

By Raviupadhyay on Feb 19, 2009 at 03:28 PM
3
Crude oil Inventory Expectations :- Actual to be release at 9.00 PM today ** Crude oil +3.0 mln bbl ....... Gasoline-0.5 mln bbl ...... Distillate-1.2 mln bbl...... and Refinery Utilisation -0.3% ** As per Poll US Crude oil inventory might rose to near 11-year high since the week of May 15, 1998 ** US Crude stocks already risen about 20% since last Sep3908 no economic downturn ** Oil prices were steady below $35 a barrel, ahead of U.S. data expected to show jump in Inventory ** U.S. President Barack Obama pledged up to $275 billion on Wednesday to help stem a wave of home foreclosures, part of a broad effort using massive sums of government money to lift the country out of recession.
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