Painted Pony Pete Ltd PDPYF

EIA Report

[robt1234]

Not that ppy is an oil company but it can be affected by the price of oil. This week sees the real start of summer driving season tomorrow as the July 4 long weekend begins with people getting together with family.... So it is important to see the oil storage failed to be a draw down and gas inventories were far better than estimated This is also true for distillates but though the numbers net near zero most early indications will be negative because of the headline oil storage increase.... "U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.4 million barrels from the previous week. At 465.4 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years. Total motor gasoline inventories decreased by 1.8 million barrels last week, and are in the upper half of the average range. Both finished gasoline inventories and blending components inventories decreased last week. Distillate fuel inventories increased by 0.4 million barrels last week and are in the middle of the average range for this time of year."