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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (14081)	3/2/2000 10:59:00 AM
From: Cynic 2005	Respond to of 42523

<<Oil has rallied this year on expectations that any increase in supply from world producers will be too small and arrive too late to avert shortages, especially of gasoline, during the approaching peak warm-weather driving season. ``We haven't really heard anything new from the ministers -- they said they'd increase production, but they're not saying how much and they're not saying when,' said Phil Flynn, vice president and senior market analyst at Alaron Trading Corp. in Chicago. ``So when I fill up my SUV tonight, it's not going to give me any comfort.' Crude oil for April delivery rose as much as 38 cents, or 1.2 percent, to $32.15 a barrel on the New York Mercantile Exchange, the highest price since January 1991. In London, Brent crude oil for April settlement rose as much as 41 cents, or 1.4 percent, to $29.47 a barrel on the International Petroleum Exchange. ``We recognize a need for additional production (this year),' Saudi Oil Minister Ali al-Naimi told reporters after the meeting. He said, though, that ``if you are seeking the number (of additional barrels), you are not going to get it today.' >> bloomberg.com