Petroleum Status Report 10-03-07

Crude up 1.2 million barrels
Gasoline down 100,000 barrels
Distillates down 1.2 million barrels
Refinery Utilization up .6% to 87.5%

The Oil Service Holders Index hit a new high last week at 196.

Petroleum Status Report 7-18-07

Crude down 500,000 barrels
Gasoline down 2.3 million barrels
Distillates down 200,000 barrels
Refinery Utilization 91% up 0.8%

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Petroleum Status Report 7-05-07

Crude up 3.1 million barrels
Gasoline up 1.8 barrels
Distillates up 1.2 Million barrels
Refinery Utilization 90%

Oil Breaks Through $70.........

West Texas Intermediate Crude for July delivery closed at $70.68 per barrel.

The represents the highest close for WTI since August 31, 2006.

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.