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To: A. Geiche who wrote (52043)9/28/1999 5:05:00 PM
From: Brent Hogenson  Read Replies (2) | Respond to of 95453
 
API's - Can anybody post the year over year numbers? If I remember correctly we are rapidly approaching sub-300 level on crude.



To: A. Geiche who wrote (52043)9/28/1999 5:05:00 PM
From: still learning  Respond to of 95453
 
I think the pool of lost barrels is growing. ;}

Not sure the API numbers are v. meaningful given their total inaccuracy, and inability to even *predict* the movement of their own index.

Nonetheless, we should see *some* sort of rally off these #s, but will it be enough to swim against the tide of bearish sentiment washing over the mkt right now? I doubt it.



To: A. Geiche who wrote (52043)9/28/1999 5:37:00 PM
From: A. Geiche  Read Replies (3) | Respond to of 95453
 
...and it is my humblest opinion that the market correction is over...



To: A. Geiche who wrote (52043)9/28/1999 7:41:00 PM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
I'm fighting it... I'm fighting it... I'M FIGHTING IT!
Oh well, I'll just repost this...

MARKET EXPECTS API TO SHOW
0.5 TO 1 MLN BARREL RISE IN DISTILLATE STOCKS
1 TO 2 MLN BARREL RISE IN GAS STOCKS
1.5 TO 2.5 MLN BARREL DROP IN CRUDE STOCKS

I think that even with their insider information, and even though that is their career, they are wrong. My totally uninformed guess:

1 to 2 mil rise in distillates
-.5 to +.5 mil drop in gasoline
2 to 3 mil drop in crude

ACTUAL API

API

crude down 3,684 M
unleaded down 496,000
Dist. up 1,531 M