"Crude stocks should indicate a significant decline due to
an expected significant drop in imports and a likely decline in West Coast
supply."
- Energy consultant Jim
Ritterbusch said in a report about US oil inventory stats to be released on
Wednesday.
"Refinery utilisation is continuing to increase, but
at a slowing rate, I assume, and we should see some losses in yields due to
problems at huge Baytown, Total Port Arthur and an upset at Exxon Torrance
Thursday."
- Societe Generale
senior energy analyst Deborah White said in a note.
"I think waiting for the stats always makes Wednesday
mornings dull. It's the same today. However, the price is up on a technical
follow through after having taken out some good resistance levels over the past
few days."
- Said a London-based
trader about the lack of activity on IPE Brent futures on Wednesday.
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