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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (299)6/20/2001 3:25:53 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Gasoline prices at five-month low
Strong refinery production lifts oil company shares
marketwatch.com

By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 2:30 PM ET June 20, 2001

NEW YORK (CBS.MW) - Gasoline futures dropped to their lowest level in five months Wednesday after two key reports on U.S. supplies confirmed a third-weekly rise in gasoline inventories, easing concerns over supplies this summer.
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Supply data weighs on natural gas

In related energy news, July natural gas eased by 22.6 cents to $3.755 per million British thermal units after a U.S. report said supplies rose more than expected last week. The American Gas Association reported an increase of 106 billion billion cubic feet in natural gas inventories during the week ended June 15. Total supplies now stand at 1,609 billion cubic feet. Ron Denhardt, vice president of energy services at DRI-WEFA, a unit of Global Insight, had predicted a rise of only 95 billion cubic feet, with average market estimates ranging between 90 and 100 billion cubic feet. A year ago, supplies rose by 64 billion cubic feet, he said.