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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	10/3/2000 12:50:25 AM
From: manfmnantucket	of 100058

Crude soars on weather, supply concerns NEW YORK — Crude oil climbed more than 4% Monday on expectations that heating oil storage levels at U.S. refineries, now down by more than a third from a year ago, will still be low when cold weather spurs demand in the weeks ahead. Traders were also watching the movement of Hurricane Keith, now stalled near the coast of Belize. Moving north would bring the hurricane into the Gulf of Mexico, where it would threaten offshore oil production rigs and onshore refineries and pipeline pumping stations. Crude oil for November delivery rose $1.34, or 4.4%, to $32.18 a barrel on the New York Mercantile Exchange.

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