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: A. Geiche who wrote (50167)	8/31/1999 6:23:00 PM
From: pz	Read Replies (1) of 95453

NEW YORK (AP) - Energy futures were mixed in trading Tuesday on the New York Mercantile Exchange in advance of a weekly inventory report. Crude oil prices rose for the fourth straight session, closing up 10 cents at $22.11 a barrel. In the absence of market-moving news, prices were supported by confidence that OPEC would hold to promised production cuts and that refinery outages would continue to drag on output, while demand is on the rise. September heating oil was up 6.9 cents to 58.02 cents a gallon; September unleaded gasoline fell 14 cents to 68.68 a gallon. Natural gas for October delivery, fell 14.4 cents to $2.825 for every 1,000 cubic feet. In London, North Sea Brent Blend crude oil for delivery in October rose 57 cents to $21.33 a barrel at the International Petroleum Exchange. The American Petroleum Institute reported after the markets closed that crude oil inventories rose 2.572 million barrels in the week ended Aug. 27. That was slightly more than analysts had expected. Gasoline stocks fell 2.934 million barrels, in line with analysts' expectations. U.S. refineries were operating at 93.4 percent capacity, compared with 95.3 percent a week ago, API said.

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