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Oil prices 2 Singapore
Published in Saudi Press Agency on 30 - 11 - 2005


quarters of
the nation's heating oil as the biggest global market for
that type of fuel.
But while a winter storm batters some midwestern states en
route to the Northeast later this week, some analysts
believe temperatures are not expected to fall low enough to
drive a rebound in prices.
Traders are awaiting the weekly summary on Wednesday of
U.S. crude inventories, an indicator of demand from the
world's largest energy consumer.
Ten energy analysts surveyed by Dow Jones Newswires
forecast a rise in distillate stocks of 595,000 barrels on
average, while gasoline stocks were expected to climb by
755,000 barrels on average. Distillate inventories include
heating oil and diesel fuel.
Refinery utilization was expected to show another
significant increase, with nine of the 10 analysts
projecting runs to increase anywhere from 0.25 of a
percentage point to 2 percentage points above last week's
88.1 percent of operable capacity.
Crude inventories were expected to fall about 220,000
barrels in government and industry data this week,
according to the average estimate of analysts.


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