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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: articwarrior who wrote (52163)	9/29/1999 10:28:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Crude Oil Rises to $25/Bbl After Inventories Fall (Update4) quote.bloomberg.com Price keep going up because U.S. oil inventories fell to 305.1 million barrels last week, the API said after trading yesterday. Inventories have averaged 319 million barrels over the past five years. U.S. supplies have fallen 11 percent from their high for the year in April. ``We are fundamentally short of oil,' said Alan Struth, an economist at Honeywell Bonner & Moore, a Houston-based refinery consulting firm. ``If production stays around where it is, we could see $30 by the end of the year.' Gasoline inventories fell to 201.1 million last week, the lowest level since October 1998 and down 9.3 percent from this year's high in March.