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

To: Terry D who wrote (57874)	1/4/2000 6:28:00 PM
From: Jon Cave	Read Replies (1) \| Respond to of 95453

B: API Review: Crude drop disappointing; products neutral --NY Feb crude down 19c amid disappointing API stockpile drop --API: US crude stocks down 1.568 mln barrels in latest week --API: US distillate stocks down 2.316 mln bbls in latest wk --APIs imply US distillate demand 3.91 mln bpd vs 4.12r mln --API: US gasoline stocks down 475,000 barrels in latest wk --APIs imply US gasoline demand 8.86 mln bpd vs 8.69r mln --API: US refineries operate at 89.7% in latest wk vs 89.3% By Karyn Peterson, Peter Rosenthal and John Troland, Bridge News New York--Jan 4--NYMEX Feb crude dipped in overnight Access trading after American Petroleum Institute data showed that US crude stocks fell only 1.568 million barrels last week, less than expected. NYMEX products stayed near flat, as API showed a better-than-expected drop of 2.316 million barrels in distillate inventories and an anticipated, 475,000-barrel-decline in gasoline. * * * At 1759 ET, NYMEX Feb WTI crude futures were down 20c at $25.35. Feb heating oil was up 2 points at 67.80c, while Feb gasoline was down 10 points at 68.40c. The data are for the week ended Friday, Dec 31. API also reported that refinery production rates rose 0.4 percentage points, contrary to expectations for runs to have been flat to down 0.2 points