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To: patim who wrote (54307)	11/9/1999 5:18:00 PM
From: upanddown	Respond to of 95453

More from Joe Di re API's More API by: JoeDi123 Crude stocks excluding PADD5 +3.8 PADD1 Heat stocks down 2.8 million Implied gas demand 8.86 vs 9.06 Implied Heat demand 4.2 vs 3.97 Crude 311,462 vs 341,804 last year Gas 195,335 vs. 202,111 last year Heat 135,449 vs. 147,147 last year AGA guess for tomorrow up 10 down 10 from last week Access crude 2428a +25 Gas 6850a +97 Heat 6355a +85 The demand for heat and gas should overwhelm the crude rise. Remember that refinery utilization has fallen below 90%. With this kind of product draw, utilization has to go up in coming weeks, especially as the weather gets colder, and that is going to eat up crude. The market is giving a very positive reading to these numbers right now. John

To: patim who wrote (54307)	11/9/1999 5:24:00 PM
From: Broken_Clock	Respond to of 95453

You've got to take in all data together...There have been several refinery dislocations which naturally cause a build since refineries don't process anything. the refinery rate still managed to stay nearly flat but the huge drawdown in refined products is welcomed news on top of the Europe reports from earlier today. Looks like a retest or $25 coming up. I am now in GLBL and looking for at least $8 by end of Nov.

To: patim who wrote (54307)	11/9/1999 5:25:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Patim: For the last 3-4 weeks we've seen builds in crude, BUT substantial draws in products. messages.yahoo.com JQP has recently published a list of refineries that have been down due to "repair and refurb". The long and short of it is, when refineries start increasing runs, crude will show steep stock draws. The traders know this, hence the current price increase after hours for crude. Combine this with the very recent OECD numbers, and you have a very bullish backdrop for crude prices. JMVVHO Bull