U.S. crude oil and gasoline inventories
rose more than forecast last week while distillates fell much less than
expected, showed weekly government data on Friday which analysts said
reflected lingering weak demand for refined fuels in the world's largest
energy consumer.
"You couldn't ask for a more bearish report. It speaks to the
continuing lack of demand in the U.S. market," said Brad Samples of Summit
Energy in Louisville, Kentucky.
"Total (petroleum) product demand, at just below 19 million barrels a
day, is 2 million barrels a day below the five-year average level for this
season," said Samples of Summit Energy. "Demand has stabilized, just at
very low levels."
http://uk.reuters.com/article/idUKN1222589120100212
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