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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SargeK who wrote (38740)3/3/1999 9:46:00 AM
From: Platter  Read Replies (1) of 95453
 
NYMEX crude called to open 10-15 cts up on draws

NEW YORK, March 3 (Reuters) - Crude oil and product futures were called to open higher Wednesday, after weekly industry and government reports showed large draws in U.S. crude stocks, traders said.

NYMEX April crude was expected to open 10-15 cents higher while front month refined products were seen starting 0.25 cent better, traders said.

The crude stockdraws surprised many traders and analysts as market forecasts on Tuesday called for a moderate build of about 2.0 million barrels.
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