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

To: pt who wrote (53408)	10/22/1999 1:12:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Crude Oil Rises After Phillips Closes 300,000 B/D Norway Field New York, Oct. 22 (Bloomberg) -- Crude oil rose more than 3 percent to a two-week high after Phillips Petroleum Co. shut down Norway's second-largest oil field because of a gas leak on an offshore platform in the North Sea. The Ekofisk field, which produces about 300,000 barrels of oil a day, will be closed for a week, Phillips said. The field accounts for about 10 percent of oil output from Norway, the world's second-largest oil exporter after Saudi Arabia. ``That's a good bit of production off the stream,' said Michael Fitzpatrick, a trader at Fimat USA Inc. in New York. ``It can't be anything but positive for prices.' ... quote.bloomberg.com