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: Fitz who wrote (38883)	3/4/1999 11:04:00 AM
From: Platter	Read Replies (1) of 95453

NYMEX crude moves above $13 early on short covers NEW YORK, March 4 (Reuters) - Front month crude oil futures on the New York Mercantile Exchange rose above $13 a barrel in early trade Thursday on short covering, after opening lower in a brief followthrough of overnight selling, traders said. At 1015 EST/1515 GMT, NYMEX April crude was up 20 cents at $13.13 a barrel, after hitting an intraday high of $13.20. The contract has traded as low as $12.82. "The front month's next target could be $13.25," said Marcy Forsyth, a trader at Refco Energy Group in New York. The front month last hit an intraday high of $13.25 on Jan. 7.

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