Petroleum Inventory Report 2-27-08

Crude up 3.2 million barrels
Gasoline up 2.3 million barrels
Distillates down 2.5 million barrels
Refinery Utilization up 1.2% to 84.7%

Oil Prices Breaking Out

Petroleum Inventory Status Report 2-21-08

Crude up 4.2 million barrels
Gasoline up 1.1 million barrels
Distillates down 4.5 million barrels
Refinery Utilization down 1.6% to 83.5%

Crude Oil Rockets Past $100

Rumors of OPEC production reductions and supply disruptions helped drive crude prices above $100 a barrel in Tuesdays trading.

Crude Prices Breaking Through Resistance

West Texas Intermediate Crude prices have broken above the technical resistance level of $95

Four people are reported injured in an explosion at the Alon USA Energy (NYSE ALJ) refinery in Big Spring, Texas.

ALJ has halted the flow of crude into the refinery and the fire is currently under control. The ALJ refinery processes 67,000 barrels of crude daily.

It is currently unclear as to when the facility will be able to resume normal production.

Shares of ALJ have declined dramatically in recent months and are at multi year lows.

ALJ Refinery Video

Petroleum Inventory Status Report 2-13-08

Crude up 1.1 million barrels
Gasoline up 1.7 million barrels
Distillates down 100,000 barrels
Refinery Utilization up .08% to 85.1%

West Texas Intermediate Crude prices have moved above the 50 day moving average.

Petroleum Status Report 2-06-08

Crude up 7 million barrels
Gasoline up 3.6 million barrels
Distillates up 100,000 barrels
Refinery Utilization down .7% to 84.3%

The Oil Service Holders Index is once again bouncing off the 150 level.