Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: craig crawford who wrote (727)	8/22/2001 8:13:38 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Natural gas at 16-month low Related shares retreat on latest supply bulge cbs.marketwatch.com{0AFCF500-78E1-4F6F-BBD8-132D381BE5AE}&siteid=NYT&dist=NYT By Myra P. Saefong, CBS.MarketWatch.com Last Update: 4:41 PM ET Aug. 22, 2001 NEW YORK (CBS.MW) -- Most oil-service related shares retreated from earlier highs Wednesday to close lower as a bigger-than-expected climb in natural gas supplies weighed on exploration and production companies. Natural gas futures dropped to a 16-month low. ................................................................................................................................. In the equities market, the stocks that have more weight toward oil refining, like those in the CBOE Oil Index held most of their gains, Dann said, but those with more perceived weight to natural gas, such as the exploration and production stocks that comprise the Philadelphia Oil Service Index retreated following the AGA data's release ............................................................................................................................... Rising seasonal demand for crude, combined with OPEC's September output cut of 1 million barrels per day, could "set the stage for a test of $30 oil by the end of the year," said Merrill Lynch analyst Steven Pfeifer said in a Wednesday research note. Petroleum inventories are now 4.3 percent below normal, he said. Gasoline found additional pressure from the upcoming end to the peak-demand driving season, Mokychic said, and anticipation of the arrival of Iraqi oil in the U.S. following a five-week halt that began in June.