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To: upanddown who wrote (19457)	4/17/1998 3:20:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

U.S. March Oil Demand Up 3.8 Pct From Year Ago WASHINGTON, April 15 - U.S. petroleum demand in March jumped 3.8 pct from a year ago to 18.555 million barrels per day, boosted by the robust economy, lower gasoline prices and greater personal income, the American Petroleum Institute said Wednesday. In its monthly statistical report, the API said March deliveries of gasoline -- a key indicator of demand -- rose 2.5 percent from a year ago to average 8.000 million bpd. For the year's first quarter, gasoline deliveries jumped 2.8 percent to average 7.800 million bpd, the biggest quarterly rise since 1995. Overall petroleum deliveries for the year's first quarter were up 1.4 percent from a year ago, and averaged 18.504 million bpd. Distillate deliveries rose by 2.6 percent in March from a year ago to average 3.608 million bpd, buoyed by underlying growth in transportation demand that was just slightly offset by a decrease in heating oil demand caused by warmer weather. exchange2000.com

To: upanddown who wrote (19457)	4/17/1998 7:39:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

>>There must have been some glitch in the dissemination of this news item because this would normally have been in heated discussion on this thread within an hour.<< As far as I can tell, that item, while it is time stamped before noon and obviously came to the attention of the big players at the conference call in the morning, was not diseminated until after the close. I heard Joe Kernan mention it at 7pm, saying it just came on the wire. And check this out from DLJ news (note the time stamp 18:39): ENSCO SAYS SECOND, THIRD QUARTER EARNINGS CLD BE SEQUENTIALLY LOWER REUTERS Rtr 18:39 04-16-98 dljdirect.com I don't know whether all the small investors have reacted to this news, but given the impressive buying at 25 1/2 on up, I know where I'm a buyer.