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

To: Greywolf who wrote (80793)	12/5/2000 5:35:48 PM
From: excardog	Respond to of 95453

API's look bullish on crude let's see what happens. Dec. 5-MAR-- --NY Jan crude down 43c; continues dive despite API stock drop --NY Jan crude down 48c, continues dive before API data --NY Jan heating oil down 121 points as API stockpiles climb --NY Jan gasoline down 22 points as API stockpiles rise --API: US crude stocks down 3.729 mln barrels in latest week --API: US distillate stocks up 3.289 mln barrels in latest week --API: US gasoline stocks up 3.239 mln barrels in latest week --API: US refineries operate at 93.0% in latest wk vs 91.8% --APIs imply US gasoline demand 8.12 mln bpd vs 8.29 mln By Karyn Peterson, John Troland and Peter Rosenthal, BridgeNews New York--Dec. 5--NYMEX energy futures fell in overnight Access trade as American Petroleum Institute data showed much-larger-than-expected gains last week of 3.289 million barrels in distillates, which include heating oil and diesel fuel, an` 3.239 million barrels in gasoline inventories. The builds overshadowed a surprising decline of 3.729 million barrels in crude. * * * API also reported that U.S. refinery rates rose 1.2 basis points of capacity, far exceeding expectations that runs would rise 0.3-0.7 a point. At 1719 ET, NYMEX nearby Jan WTI crude was down 30 cents at $29.23 a barrel, after trimming some earlier after-market losses, when it hit a low of $28.95 just ahead of the data. Jan heating oil was down 146 points at 96.20c a gallon and Jan gasoline was down 22 points at 76.00c a gallon. The data are for the week ended Friday. The U.S. Department of Energy will release its weekly inventory data on Thursday after 0900 ET. More