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To: Aggie who wrote (48756)	8/3/1999 12:40:00 AM
From: Razorbak	Respond to of 95453

What? Me, suggest that?!? Never! ;-P

To: Aggie who wrote (48756)	8/3/1999 1:26:00 AM
From: upanddown	Respond to of 95453

FWIW, these are the API estimates from CRB/Bridge, gas down,crude and dist up and a small dip in ops. The market is expected to trade rangebound ahead of API data, most brokers and traders predict. "The market is going to see some ups and downs tomorrow but overall, you're going to want to buy on the dips," a broker said. "But you also can't get too greedy before the APIs." Gasoline is expected to remain firm amid expectations for a 1.5-2.5 million barrel decline in stockpiles last week. "This is gasoline season. Everybody is looking for a draw in the APIs," one broker said. "The numbers will reflect the problems of last week. Runs should be down and stocks should be down." "The market is banking on more refinery problems," another broker added, "which could firm cash prices even more," and help keep gasoline futures strong. Meanwhile, expectations are for a 1.0-2.0-million rise in crude stockpiles last week, while inventories of distillates are expected to have increased 1.5-2.5 million barrels. Refinery operations are expected to have dipped slightly.