Daily Energy Hedger – September 1, 2011
Oil prices were mixed yesterday with crude oil prices slightly lower and gasoline prices higher. The moves seen yesterday reflected this week’s DOE report, which showed a large build in crude oil stocks and a decent drawdown in gasoline inventories. Distillate stocks were mildly higher. Adding to the disparity, refinery utilization was down 1.1%, following seasonal influences over financial ones. Refinery margins are at generous rates recently, despite the red herring of Brent differentials against WTI.
You need to be logged in to see this part of the post. Please Login.
