US DATA: EIA oil data for Jan 7 wk: “U.S. commercial crude oil
inventories (excluding those in the Strategic Petroleum Reserve)
decreased by 2.2 million barrels from the previous week. At 333.1
million barrels, U.S. crude oil inventories are above the upper limit of
the average range for this time of year. Total motor gasoline
inventories increased by 5.1 million barrels last week and are just
above the upper limit of the average range. Finished gasoline
inventories decreased while blending components inventories increased
last week. Distillate fuel inventories increased by 2.7 million barrels
and are above the upper limit of the average range for this time of
year. Propane/propylene inventories decreased by 2.0 million barrels
last week and are in the lower half of the average range. Total
commercial petroleum inventories increased by 0.9 million barrels last
week.”