Cameron Hanover – Daily Energy Hedger – June 24, 2010

This week’s DOE report showed a larger than expected build in crude oil stocks, a smaller than expected build in distillate inventories and a small drawdown in gasoline stocks. These numbers reinforced the generally-held consensus that we have plenty of oil in storage. And, while supplies were building or falling by small amounts, there were fresh concerns over the pace of economic recovery – which will impact demand.