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To: Redman who wrote (28328)	8/25/1998 9:55:00 PM
From: Todd N	Respond to of 95453

Thanks, It's about time we got some good news! I saw Oct crude trading actively above 13.80 in after hours, and thought the API numbers might be good. Todd

To: Redman who wrote (28328)	8/25/1998 10:13:00 PM
From: Slide Rule	Respond to of 95453

All, there was a large block of SLB cross near the open this morning. Anyone know the details?

To: Redman who wrote (28328)	8/25/1998 11:45:00 PM
From: Elmer	Respond to of 95453

I also thought the API numbers looked better than expected. Given that, what in the heck is the rationale the oil futures' traders are using to knock crude oil down two cents tonight in access trading? I just don't get these traders they spin everything to support their current net short positions. IMHO, in the end, this is going to lead to a mad rush to the doors to close out their positions as the inventory reports continue to show significant crude oil drawdowns as OPEC surprises these short-term minded traders with better compliance than they expected. This could cause oil prices to snap back hard and fast. How is that for some spin of my own? Elmer