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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (68528)	10/13/1999 12:03:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

You da man! Bring a sign that says Stros suck so we know who you are -g-

To: NickSE who wrote (68528)	10/13/1999 12:04:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 86076

Go Sox.... :>)

To: NickSE who wrote (68528)	10/13/1999 12:30:00 PM
From: NickSE	Respond to of 86076

L'ing sectors turning on a dime lately. Wonder if this volatility means anything??? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Crude Oil Soars to $23 a Barrel After Report Shows U.S. Inventories Drop quote.bloomberg.com Crude Oil Soars After API Reports Big U.S. Inventories Drop New York, Oct. 13 (Bloomberg) -- Crude oil jumped 3 percent, extending this week's rally, after the American Petroleum Institute reported a larger-than-expected drop in U.S. inventories to their lowest in two years. U.S. crude oil supplies fell 2.3 percent last week to their lowest since September 1997 as imports slid to a one-year low. Analysts expected inventories to be little changed. Prices are up 10 percent this week, rebounding from a six-week low on Friday. "My reaction to the APIs was, "Holy sht!" said Nauman Barakat, vice president of global energy trading at ABN Amro Inc. in New York. "It doesn't pay to ship oil from Europe over here. The arbitrage is firmly closed." Crude oil for delivery in November rose as much as 72 cents, or 3.2 percent, to $23.02 a barrel on the New York Mercantile Exchange. This week's rally has left prices 8.4 percent below last month's 2 1/2-year high of $25.12 a barrel. In London, Brent crude oil for November delivery rose as much as 55 cents, or 2.5 percent, to $22.60 a barrel on the International Petroleum Exchange. Crude oil futures in New York have rebounded after dropping 15 percent last week. Prices had fallen amid reports of increased output by the Organization of Petroleum Exporting Countries. "The market is back to being bullish again," said ABN Amro trader Michael Geoghan. "Some of the funds that were selling last week are buying again."* U.S. crude oil inventories fell 7.14 million barrels last week to 298.9 million barrels, the API said last night. That included a 6.02 million-barrel drop on the U.S. Gulf Coast, which includes the U.S. oil refining heartland in Texas and Louisiana. Lower Imports Imports dropped 13 percent from the week before to 7.54 million barrels a day, the lowest level since September 1998 and 11 percent below the average for the past 12 months. Imports are down because prices for some foreign crude oil grades are approaching Nymex levels, making them too expensive for the U.S. market when tanker fees are included. The difference between the closing prices of IPE and Nymex crude oil fell to 4 cents a barrel on Monday, compared to the one-year average of $1.35. Oil prices have doubled this year amid output cuts by producers that have trimmed world supplies by about 7 percent. Last month, OPEC re-affirmed its commitment to keep its cuts in place until the end of March.