ago levels. "Although the crude stock rise in itself was bearish, other components of the report were not," said Edward Meir of Man Energy. "For example, refinery utilization did not rise hand it hand with inventories, suggesting that the crude inventory increase was due to many refineries still not being fully operational." The U.S. government says nearly 29 percent of Gulf of Mexico daily output is still shut in after Hurricane Ivan. The market brushed off news that YUKOS would resume full deliveries of oil to China by October 20 after a brief cut forced by a lack of cash for export fees. --More 2212 Local Time 1912 GMT
