What's moving the oil markets?
Analysts polled by Platts are
expecting a build of 1.8-mil bbl in gasoline inventories in the US Energy
Information Administration's report. The projection pushed the NYMEX unleaded
contract down 6cts/gal Tuesday which the crude futures then followed, sources
said. Over the last five weeks, US gasoline stocks have climbed 16.191-mil bbl
to 219.044-mil bbl as low demand and a high level of imports have been able to
offset the drop in production, resulting from reduced runs.
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http://www.platts.com/Oil/Resources/Whats%20Moving%20the%20Market/