Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (177)	12/16/1996 4:02:00 PM
From: Buzz Mills	of 1017

CWEI closed at 15 3/4, even, Bid 15 5/8 X Ask 15 7/8.. Volume 67K An uneventful day with CWEI. There were a number of small sellers; 100-500 shares, and there were at least two 5K buys; for the most part the buys were of a larger size than the sells. Oil and Natural Gas had a big day. At 4:00PM EST January futures for crude were at $25.73, up 1.26, and Natural Gas was at $4.44, up 0.59. NEW YORK -(Dow Jones)- Crude-oil and petroleum-products futures were rallying Monday on the New York Mercantile Exchange, as all three front-month contracts surged to lifetime highs in afternoon trading. Meanwhile, an arctic cold front helped drive Nymex January natural gas futures to a lifetime high. Shortly after 3 p.m. EST, January crude oil was up $1.26 cents at $25.73 a barrel. Earlier Monday afternoon, January crude hit a new life-of-contract high at $25.85 a barrel and then $25.95, easily surpassing its previous high of $25.70. Market players suggested front-month crude was on an uptrend to $27.00 - a goal that would push it past the post-Gulf War high of $26.10.

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