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To: isopatch who wrote (92734)	7/25/2001 1:04:16 AM
From: rails99	Respond to of 95453

Hi Iso: Re.: API numbers. Re.: Numbers from the API. My thought was it would be much later in the year before the positive builds would disappear. It seems demand could have been a little stronger in July, than may have been thought. But my guess is that some of the refiners were reducing production since around the Fourth (JMHO). What I thought would happen would be much less demand; but that may have been met head on by a reduction in production (except Exxon?). I was guessing the positive builds would continue into August; due to possible lower levels of demand. What would be your opinion as of this report? Later; Rails