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To: Teddy who wrote (12843)2/26/1998 12:18:00 AM
From: Robert Floyd  Read Replies (1) | Respond to of 95453
 
Subject 18185



To: Teddy who wrote (12843)2/26/1998 1:41:00 AM
From: Czechsinthemail  Respond to of 95453
 
Traders said the contract drew support from the 2.630-million barrel draw in distillate stocks, which include heating oil, reported in American Petroleum Institute inventory data released Tuesday evening.

The contraction in distillate stocks (including heating oil) may provide further boost to crude prices. When there is a need to produce more heating oil, the refiners have to pony up for more crude to do it.

Baird