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Gold/Mining/Energy : Scimitar Hydrocarbons, SIY:ASE -- Ignore unavailable to you. Want to Upgrade?


To: Bert Zed who wrote (654)12/8/1999 6:13:00 PM
From: Bert Zed  Respond to of 864
 
Oil And Gasoline Stage Dramatic Reversal

Energy futures turned a loss into a gain today, responding to
conflicting reports from the American Petroleum Institute (API) and
International Energy Agency (IEA).

January crude (CLF0) tumbled more than one dollar and unleaded gas
(HUF0) also took a hit early in the session on Tuesday's API report
that showed supplies rising and demand falling. Wednesday the IEA
issued a contradictory report stating that “stresses” were building
in the global market. Crude ended .32 higher at 26.54, unleaded gas
added .0039 to .7321 and heating oil (HOF0) climbed .0082 to .6652.