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

To: BigBull who wrote (70949)	8/15/2000 5:07:02 PM
From: AltLar	Respond to of 95453

The link does not work. Last message I see on the RIG board is from this morning. Can you cut and paste it for us? Thanks, Larry

To: BigBull who wrote (70949)	8/15/2000 5:13:04 PM
From: AltLar	Respond to of 95453

API data shows rise in oil --4:59 pm - By August Cole NEW YORK (CBS.MW) -- American Petroleum Institute inventory data released Tuesday indicated crude oil stocks rose over 7 million barrels whereas gasoline stocks fell 3.34 million barrels for the week. Crude futures have risen since the previous week's data indicated a decline in supply. Crude futures closed below $32 a barrel after notching the highest level since late June, ending the day off 27 cents at $31.67. www2.marketwatch.com

To: BigBull who wrote (70949)	8/15/2000 5:19:53 PM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 95453

BigBull, you're right we're certainly not breaking thru recent highs on this report. Any drawdown would have been huge. Looks like I'll be doing more trimming tomorrow. Remember though this is only 1 report. Traders will still be keen to see what shows up next week. Another surprise drawdown and we're right back at OSX 130. We shouldn't need $30 oil to make new highs on the OSX or XOI, but these days it appears that we do. Not sure what the catalyst will be anymore to take us higher. We've had the announcements of Cap Ex increases. I hope we don't have to wait until Q3 reporting. Having bad API's up until the Sept 10th meeting would help I believe. I'd prefer oil prices at/under $28 when OPEC meets (but I was hoping for more short term profits). Once again the SI sentiment indicator killed us.