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: upanddown who wrote (19457)	4/17/1998 3:20:00 AM
From: Czechsinthemail	Read Replies (1) of 95453

U.S. March Oil Demand Up 3.8 Pct From Year Ago WASHINGTON, April 15 - U.S. petroleum demand in March jumped 3.8 pct from a year ago to 18.555 million barrels per day, boosted by the robust economy, lower gasoline prices and greater personal income, the American Petroleum Institute said Wednesday. In its monthly statistical report, the API said March deliveries of gasoline -- a key indicator of demand -- rose 2.5 percent from a year ago to average 8.000 million bpd. For the year's first quarter, gasoline deliveries jumped 2.8 percent to average 7.800 million bpd, the biggest quarterly rise since 1995. Overall petroleum deliveries for the year's first quarter were up 1.4 percent from a year ago, and averaged 18.504 million bpd. Distillate deliveries rose by 2.6 percent in March from a year ago to average 3.608 million bpd, buoyed by underlying growth in transportation demand that was just slightly offset by a decrease in heating oil demand caused by warmer weather. exchange2000.com

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