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To: papazulu who wrote (2588)7/9/1999 2:01:00 PM
From: K A Anderson  Read Replies (2) | Respond to of 3596
 
This just came across the commodities news, point being... we are looking at drilling before July is over. If the Gods of the oil patch smile favorably on us we are in the right place at the right time. U.S. benchmark West Texas Intermediate is what we and ROCO are after.


U.S. Cash Crudes -LLS spikes on Nigeria disruption

NEW YORK, July 9 (Reuters) - Differentials for sweet domestic grades narrowed in early Friday, supported by a report that Royal Dutch/Shell was forced to impose a force majeure on outstanding July loadings of Nigerian crude.

Light Louisiana Sweet/St. James traded up to 45 cents under U.S. benchmark West Texas Intermediate/Cushing, two to four cents stronger than Thursday's deals. Sister grade, Heavy Louisiana Sweet/Empire also gained, trading at minus 87 cents, narrowing the more volatile sweet grade's range by more than five cents to a discount of 87/80 cents under WTI/Cushing.