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

To: Wowzer who wrote (64915)	4/18/2000 10:17:00 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 95453

API is overestimating the crude stocks thus showing increased crude built. And, in the next report API revises DOWN previous week's crude stocks, thus increasing the "crude built" of current week (as in the case of this week). Well, this reduces the crude built in the previous week. I think the numbers are suspect all around, but it's clear that repeated downward revisions of the past build are facilitated by overestimating the present. Difficult to trade the past, however.