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: BCherry168 who wrote (71900)	8/29/2000 1:48:21 AM
From: The Ox	Read Replies (1) of 95453

Heating oil hits 10-year high on supply fears, lifting crude oil New York--Aug. 28--Heating oil futures were lifted to a 10-year high, zooming 3.1% higher as refinery difficulties on both sides of the Atlantic Ocean exacerbated fears that inventories will be insufficient this winter. Those fears boosted crude oil 2.6%; it made a one-week high. (Story .1900) --ENERGY-- Venezuela Rodriguez says speculation adding $4 to $6 to crude prices Mexico City--Aug. 28--Venezuela Oil Minister and OPEC President Ali Rodriguez linked high oil prices to market speculation and refinery bottlenecks. He said speculation had added $4 to $6 per barrel to the price of crude oil in recent weeks, helping push them back near 10-year highs. (Story .15136)

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