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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CpsOmis who wrote (5875)	1/4/2002 12:48:44 PM
From: Tomas	Read Replies (1) of 206328

Usual premium on WTI to brent reversed Unusually cold weather in Europe -- average temperatures in Greece in December fell to their lowest level in 40 years, the daily Kathimerini reported -- has reversed the usual premium of about $1.35 on U.S. benchmark West Texas Intermediate crude to Brent. Traders are paying about 40 cents more for oil in London. ``In Germany, November was a little colder than normal but there was a change in the pattern around Dec. 13,'' said Dale Mohler, senior meteorologist at Accuweather Inc. in State College, Pennsylvania. ``Temperatures have averaged 7 degrees below normal in Frankfurt for almost 4 weeks. That same system is battering Greece and Turkey.'' Bloomberg Energy, Friday

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