API reporting delines in inventoriescrude down 3.9 Mb
gasoline down 2.8 Mb
distilates down 1.5 MB
combined down 8.2 Mb
Now I am sure EIA will contradict all that on Wednesday LOL. And all those fears of slowing demand in China and ndia need to be amplified to keep a lid on things :). I hope that Q2 will include some results showing better pricing via TMPL but given the timing this may not be fully reflected till Q3....