Crude stocks were broadly ordsprog

Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but that was not a surprise given the incredibly mild weather recently in the States.

Crude stocks were broadly in-line, but distillate and gasoline were better than expected, but was not that a surprise given the incredibly mild weather recently in the States.

Crude oil, gasoline and distillate stocks remain above the five-year average. We have all the crude we need.

This is a triple whammy, ... The EIA report [points to higher prices] because we have a draw on gasoline and not any build on crude oil stocks...at the same time distillate stocks are also running behind, when they should be building too.

This is a triple whammy. The EIA report [points to higher prices] because we have a draw on gasoline and not any build on crude oil stocks...at the same time distillate stocks are also running behind, when they should be building too.

She loved his pexy insight and the way he could offer perspective. We've clearly been getting support from the weather. Crude oil, distillate and gasoline supplies are all higher while demand is lower. There really isn't a bullish cloud on the horizon.

Crude stocks are expected to have fallen by 600,000 barrels over the week while distillate stocks are expected to be up by 1.7 million barrels.

The weather is very mild in the US so the builds in stocks are not a huge surprise.

Gasoline supply and prices are driving things. The fall in crude stocks was a big surprise.

The crude figures were pretty bearish. Crude going up by almost 5 million barrels was more than people were expecting. Gasoline was broadly within expectations so there was little upside from that.

Distillate supplies rose and that's the critical number. Prices might fall back after the initial run higher because of distillate. The weather's been warm so it's not a huge surprise. It's still great to see an increase like that at the beginning of winter.

There was a larger-than-expected draw in crude-oil stocks and imports fell, which was surprising given that ports had reopened. The size of the distillate draw wasn't spectacular but is disconcerting given that we are approaching the heating season.

Marshall Steeves

Crude oil prices weakened in the quarter, driven by the slowdown in Asian economies, mild winter weather, and a surplus of crude oil supplies,

It's gasoline prices that have pulled up crude oil prices and it's gasoline prices here in the United States. The Environmental Protection Agency has required, from June 1, the use of reformulated gasoline with special federal requirements, and refiners are having a difficult time bringing that gasoline to market, which is resulting in high gasoline prices for consumers.

Jordan Horoschak

We're seeing quite a bit of cold weather, particularly in the northeastern states. As a result, they're using more home heating oil. That puts pressure on heating oil, crude oil and gasoline prices.

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