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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (13374)	10/13/2004 11:37:35 AM
From: mishedlo	Read Replies (1) of 116555

Sept. oil output at lowest monthly level in 50 yrs: API Wednesday, October 13, 2004 2:22:39 PM afxpress.com SAN FRANCISCO (AFX) -- U.S. crude-oil production in September fell to its lowest monthly level in more than 50 years, according to a monthly report from the American Petroleum Institute issued Wednesday morning. Crude-oil output was down almost 15 percent at 4.85 million barrels per day that month compared with a year earlier, the report said. The decline was attributed to hurricane-related disruptions in the Gulf of Mexico and a fall in Alaskan output. At the same time, total September petroleum deliveries, a key measure of demand, rose 3 percent, the API said

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