According to EIA data, crude oil inventory soared 3 million barrels last week.  This exceeded expectations and may be an indicator of price adjustments in the near term.
To read an article by CBS Marketwatch, please click here:
http://www.marketwatch.com/story/crude-oil-stockpiles-surge-products-fall-eia-2010-02-24
 
Jim Sutliff

The Forbes Stock Scorecard has a weekly wrap-up article on the S & P 500.  The article discusses the concern over the American workforce numbers and the effect on the index.  The index is starting off February in negative territory.
To view the article, please click here:
http://www.forbes.com/2010/02/06/airgas-lexmark-international-starwood-hotels-equities-stock-scorecard.html?boxes=marketschannelanalysis
 
Jim Sutliff

The inventory of natural gas declined this week less than expected by analysts.  Future inventory reports may continue to show weaker draws due to an increase in rig counts, LNG shipments, and a warmer end to winter weather.
To read an Associated Press article in the New York Times, Please click here:
http://www.nytimes.com/aponline/2010/02/04/business/AP-APFN-US-Natural-Gas-Storage.html
 
 
James Sutliff