Value Microcaps Motherboard

[Bobwins]

Inventory up for both gas and crude.

Summary of Weekly Petroleum Data for the Week Ending May 27, 2005

U.S. crude oil refinery inputs averaged nearly 16.1 million barrels per day
during the week ending May 27, up 243,000 barrels per day from the previous
week's average. Refineries operated at 96.2 percent of their operable capacity
last week. With an increase in refinery inputs, gasoline production rose last
week, averaging over 9.1 million barrels per day. Distillate fuel production
remained relatively flat, averaging nearly 4.2 million barrels per day.

U.S. crude oil imports averaged 10.7 million barrels per day last week, up
387,000 barrels per day from the previous week. Over the last four weeks,
crude oil imports have averaged nearly 10.5 million barrels per day, which is
160,000 barrels per day more than averaged over the comparable four weeks last
year. Total motor gasoline imports (including both finished gasoline and
gasoline blending components) last week averaged 1.0 million barrels per day,
while distillate fuel imports averaged 329,000 barrels per day.

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) rose by 1.4 million barrels from the previous week. At
333.8 million barrels, U.S. crude oil inventories remain well above the upper
end of the average range for this time of year. Total motor gasoline
inventories increased by 1.3 million barrels last week, putting them just below
the upper end of the average range. Distillate fuel inventories rose by 0.7
million barrels last week, but remain in the lower half of the average range for
this time of year. An increase in low-sulfur distillate fuel (diesel fuel) more
than compensated for a surprising drop in high-sulfur distillate fuel (heating
oil). Total commercial petroleum inventories climbed by 7.4 million barrels
last week, and are near the upper end of the average range.