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 (42815)	4/20/1999 11:24:00 PM
From: Malcolm Winfield	Read Replies (1) of 95453

For those undecided analysts .... cbs.marketwatch.com Preview of US Commodity Markets for Wednesday, April 21 New York, April 20 (Bloomberg) -- The following commodity markets in the U.S. are expected to be active tomorrow when floor trading resumes. Some contracts have after-hours trading before then. U.S. inventories fell 2.06 million barrels Crude oil for June delivery (CLM9 <Cmdty>) could rise after the American Petroleum Industry said to 340.63 million barrels last week. Analysts surveyed before the report were divided on whether crude supplies rose or fell. Inventories fell as refineries sped up processing rates. Refinery utilization rose to 97.3 percent of capacity from 96.8 percent the week before. Imports were little changed. June crude oil fell 15 cents to $17.48 a barrel during floor trading on the New York Mercantile Exchange and was little changed at $17.47, down 1 cent, in recent electronic trading after the report was issued. (For news: NI OIL.) Heating oil for May delivery (HOK9 <Cmdty>) is expected to open higher after the API report showed an unexpected drop in inventories. The API said after floor trading that distillate stockpiles, including heating oil, fell 2.46 million barrels last week to 129.03 million barrels as domestic production fell and demand rose. Analysts surveyed before the report expected an increase in inventories ranging, on average, from 300,000 barrels to 1.0 million barrels. May heating oil fell 1.01 cent to 42.69 cents a gallon in floor trading on the Nymex and was up 0.05 cent at 42.74 cents a gallon in recent electronic trading. (For news: NI OIL.)

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