ritornato sopra 44,5
gli stock di reserva US son scesi in modo inaspettato
UPDATE 1-U.S. crude stocks fall unexpectedly - EIA
(Adds table, updates prices)
NEW YORK, Aug 11 (Reuters) -
U.S. OIL STOCKS ESTIMATES
(millions of barrels)
------ API ------ ------ EIA ------
Stocks Change Change Stocks Change Change
08/06/2004 from from 08/06/2004 from from
pvs wk yr-ago pvs wk yr-ago
Crude 294.3 -5.2 13.0 294.3 -4.3 10.3
Distillate 121.5 3.1 4.5 122.5 1.3 3.1
Gasoline 210.3 -2.4 10.4 208.3 -1.8 8.1
Heating oil 46.6 2.0 5.2 47.5 0.3 3.2
RFG gasoline 24.0 -0.9 -11.3 23.4 -0.8 -9.3
Kerosene 38.4 0.0 0.6 40.6 1.2 2.3
Gasoline blending
Components ------------- 72.0 -1.0 20.4
Refinery
Utilization 95.7 0.2 0.9 94.7 -1.6 1.7
Products Supplied ------------- 20.5 0.2 0.2
(four-week average)
U.S. crude and gasoline inventories fell unexpectedly last week amid shrinking imports, the federal government said in a weekly report on Wednesday.
Oil inventories fell 4.3 million barrels to 294.3 million barrels in the week ended Aug. 6, but remained 10.3 million barrels above last year's level, the U.S. Energy Information Administration said. Imports fell 827,000 barrels to 9.52 million barrels per day, even though imports from Saudi Arabia were high for the second week in a row, the EIA said.
Gasoline stocks fell 1.8 million barrels to 208.3 million, but remained near the upper end of the average range, up 8.1 million from a year ago.
In a Reuters survey, seven analysts had expected both crude and gasoline stocks to have risen slightly last week.
"I was surprised by the drop in gasoline stocks. The fact that a good portion of that was in the East Coast, home of futures delivery, was supportive," said Jim Ritterbusch, president of Ritterbusch and Associates.
"Half of the crude draw was on the non-representative West Coast. That will take some of the steam out of that number," Ritterbusch added. "Still, the drop in imports was surprising, and points to continued volatility in the market."
Total gasoline demand rose last week by 200,000 bpd to 9.472 million bpd from the previous week, but the four-week average was down 0.2 percent from last year at 9.221 million bpd.
Distillate stocks rose 1.3 million barrels to 122.5 million barrels even as refinery utilization fell 1.6 percentage points to 94.7 percent.
"The size of the fall in refinery utilization was a surprise, and that is probably due to the collapsing crack spreads," said Ed Silliere, a trader at Energy Merchant. "It should help with crude supplies going forward."
Total product supplied over the last four weeks has averaged nearly 20.5 million bpd, or 1.1 percent more than the same period last year.
NYMEX crude futures initially bounced from lows on the unexpected data, but then fell sharply after Saudi Arabia vowed to raise crude supplies to meet any extra demand. The kingdom said it could immediately tap spare production capacity of more than 1.3 million bpd, if needed.
NYMEX September crude traded down 80 cents at $43.72 at 11:31 a.m. EDT
