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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (485)3/14/1997 1:08:00 AM
From: Buzz Mills   of 1017
 
Very minimal difference in oil futures prices month-to-month...

In a previous post I mentioned that now there is only a few cents
difference between this month's oil price and the price 6 months from
now. Following are today's closing prices showing the difference:

Thursday March 13, 1997

Market Open High Low Last Net Change Time(EST)
Crude Oil
April 1997 20.90 21.05 20.65 20.70s 0.08 16:23
May 1997 20.85 21.04 20.65 20.76s 0.08 16:23
June 1997 20.80 20.95 20.65 20.73s 0.05 16:23
July 1997 20.70 20.80 20.61 20.65s 0.04 16:23
August 1997 20.68 20.75 20.55 20.58s 0.02 16:23
September1997 20.58 20.65 20.49 20.53s 0.01 16:23
October 1997 20.48 20.60 20.48 20.48s 0.00 16:23

The price difference month-to-month used to be 0.35 cents or more.
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