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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

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To: Just My Opinion who wrote (3145)	9/18/1998 5:38:00 PM
From: Just My Opinion	Read Replies (1) of 3817

biz.yahoo.com Gee maybe if we have another 10 storms, oil will be back at $20. +11/16 delayed 20 mins - disclaimer Friday September 18, 5:24 pm Eastern Time Crude, Natural Gas Up on Gulf Storm By CLIFF EDWARDS AP Business Writer Crude and natural gas futures prices rocketed higher Friday on the New York Mercantile Exchange as a tropical depression in the Gulf of Mexico threatened to damage or shut down offshore and refinery production. On other markets, cotton futures also jumped on the storm, while frozen concentrated orange juice futures tumbled to a nine-week low. Crude and natural gas rose as market participants covered positions in the event the tropical depresssion strengthens into a storm over the weekend and causes widespread damage. It would be the third tropical storm in three weeks in the Gulf, a region that accounts for one-fifth of U.S. crude production and is a key import center. About half of U.S. natural gas production also is concentrated in facilities offshore of Texas and Louisiana. Crude also was supported by fears Hurricane Georges in the Atlantic would strike the huge Amerada Hess 425,000 barrel-a-day refinery in St. Croix, the Virgin Islands. Crude for October delivery rose 63 cents to $15.49 a barrel; October heating oil rose 1.74 cents to 42.28 cents a gallon; October unleaded gasoline rose 1.84 cents to 45.58 cents a gallon; October natural gas rose 12.2 cents to $2.260 per 1,000 cubic feet.

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