Petroleum Status Report 9-26-07

Crude up 1.8 million barrels
Gasoline up 600,000 barrels
Distillates up 1.6 million barrels
Refinery Utilization 86.9%

The AMEX Oil Service Holders Index has broken through resistance at 190 and it now at record levels.

October Crude Technical Levels......Week of 8-27-07

October Crude Technical Levels

Support: $68.63 and $68.06

Resistance: $71.35 and $72.41

API Inventory Numbers......Week Ending 6-22-07

American Petroleum Institute

• Crude -- ----- increase 2.4 million barrels
• Distillates-----decline 1.7 million barrels
• Gasoline ------decline 5.3 million barrels
  

Petroleum Status Report 6-27-07

EIA.....U.S. Department of Energy

Crude up 1.6 million barrels
Gasoline down 700,000 barrels
Distillates down 2.3 Million barrels
Refinery Utilization 89.4%

The Oil Service sector continued it's bullish run last week with the OSX (Oil Service Index) once again hitting record highs.

Oil Service Index Hits Record High

The PHLX OIL SERVICE SECTOR INDEX hit an all time record high of 266.50 on Friday.