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: Charles Macdonald who wrote (72437)	9/6/2000 1:47:51 PM
From: Tomas	Read Replies (4) of 95453

API: the average low and high estimates of 10 analysts surveyed by Bloomberg News crude -0.3 to +0.5 gasoline -0.6 to -1.3 distillate fuel +1.4 to +2.0 "We need to be building 4 to 5 million barrels of distillate fuel a week for the next six weeks before anyone feels comfortable with inventories again," said Tom Bentz, an energy trader with Paribas Futures Inc. in New York. Inventories of gasoline: the decline partly reflects increased demand from motorists at the end of the summer driving season. ________________________________ Bridge News: API data is expected to show that crude inventories rose by only 0.3-0.8 million barrels last week, a number that could make the market skyrocket if true. "We can touch $35.00 tomorrow without any problems if these numbers are true," a broker said.

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