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To: Jon Cave who wrote (72044)8/30/2000 3:50:45 PM
From: Jon Cave  Respond to of 95453
 
Crude rises despite Saudi push for more
B: NYMEX Oil Review: Crude rises despite Saudi push for more oil

By Peter Rosenthal, BridgeNews New York--Aug. 30--Crude oil futures in New York
rose to their highest levels in 5 months Wednesday despite Saudi Arabia stating
it will seek an agreement to raise production with other OPEC members. Rumors of
supply problems near Houston boosted gasoline more than 3%. Oct crude ended up
55 cents at $33.29 per barrel. Sep gasoline ended up 368 points at $1.0100 a
gallon.

* * * Sep heating oil ended up 107 points at 99.30 cents per gallon. Oct Brent
on London's IPE ended up 66 cents at $31.50 a barrel. More

The Bridge ID for this story is 01900