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To: waverider who wrote (22533)	5/20/1998 4:54:00 PM
From: Czechsinthemail	Respond to of 95453

5/20/98 Crude-Oil, Petroleum-Product Futures Finish Sharply Lower On Ny NEW YORK -(Dow Jones)- Crude-oil and petroleum-product futures settled sharply lower Wednesday on the New York Mercantile Exchange following data showing a huge build in U.S. crude oil stocks. Petroleum-product futures saw especially heavy selling in the final hour of trading. July crude oil tumbled 83 cents to finish at $14.18 a barrel. August crude oil closed down 67 cents at $14.99 a barrel. The American Petroleum Institute Tuesday evening issued weekly inventory data that showed an unexpected 8.78-million-barrel rise in U.S. crude oil stocks last week. Crude stocks now stand at 353.132 million barrels, their highest level in five years. U.S. Department of Energy data, out Wednesday morning, showed a more bearish build of 11.2 million barrels, bringing stocks to 354.6 million barrels. Among products: June unleaded gasoline finished down 1.60 cents at 48.43 cents a gallon, off its intraday low of 48.00 cents. U.S. gasoline stocks dropped 3.295 million barrels in the API report and 2.9 million barrels in the DOE report. Demand, implied from API numbers, was a robust 8.7 million barrels a day. "No matter how bullish the gasoline draw looked, it's not enough to make the market ignore the crude oil figures," said Scott Ryll, an energy analyst with GSC Energy in Atlanta. June heating oil dropped 1.67 cents to end at 39.28 cents a gallon, near its intraday low of 39.10 cents hit in late trading. June natural gas added 2 cents to settle at $2.169 per million BTUs. The inventory data come after the June crude oil contract slid to a nine-and-a-half-year low of $12.50 Tuesday, its expiration date, on fears that storage at Cushing, Oklahoma, the delivery point for crude traded against the Nymex contract, was full.

To: waverider who wrote (22533)	5/20/1998 4:56:00 PM
From: waverider	Read Replies (2) \| Respond to of 95453

Anybody have anymore money to go to our party? <H>