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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (7357)	8/1/1999 1:53:00 PM
From: Bald Eagle	Read Replies (3) \| Respond to of 15132

Easy question: What time does Bob Brinker's show come on today (CST) EOM

To: Ian@SI who wrote (7357)	8/3/1999 6:56:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Oil Watch Crude Oil Steady as World Glut Seen Gradually Easing London, Aug. 3 (Bloomberg) -- Crude oil was little changed near a 20-month high on traders' expectations that U.S. inventory reports this week will show output cuts are slowly reducing an oil glut. A weekly survey from the American Petroleum Institute will be released after markets close, and a similar Department of Energy summary comes out tomorrow. While supplies have fallen in five of the past six API estimates, oil prices have already soared more than 80 percent this year on anticipation output cuts will reduce the oil glut. ''We are expecting another decline in stockpiles,'' said Kevin Blemkin, a broker with Cannon Bridge Corp. Ltd. ''If producers can adhere to their agreement, then oil prices should stay between $18 and $20 a barrel.'' Brent crude oil for September delivery on London's International Petroleum Exchange was 8 cents higher at $19.49 a barrel, after climbing as much as 16 cents in early morning trading. September crude on the New York Mercantile Exchange rose as much as 11 cents to $20.56 a barrel in electronic trading. The Organization of Petroleum Exporting Countries, together with four other producers, reached an agreement in March to cut output. While U.S. oil supplies have fallen 3 percent since March, inventories are still higher than they were at any time during 1997, when oil prices averaged $19.34 a barrel, according to the American Petroleum Institute. OPEC has made more than 90 percent of the production cuts its members have pledged. The group ignored output quotas last year, allowing prices to fall 36 percent to a 12-year low. That slump prompted the March agreement, where oil producers promised cutbacks equivalent to 2.7 percent of world supply.