Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: patim who wrote (54307)	11/9/1999 5:25:00 PM
From: BigBull	Read Replies (2) of 95453

Patim: For the last 3-4 weeks we've seen builds in crude, BUT substantial draws in products. messages.yahoo.com JQP has recently published a list of refineries that have been down due to "repair and refurb". The long and short of it is, when refineries start increasing runs, crude will show steep stock draws. The traders know this, hence the current price increase after hours for crude. Combine this with the very recent OECD numbers, and you have a very bullish backdrop for crude prices. JMVVHO Bull

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