SI
SI
discoversearch

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.
Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?


To: Ellen who wrote (3188)9/30/1998 9:59:00 PM
From: Just My Opinion  Read Replies (1) | Respond to of 3817
 
biz.yahoo.com
Gosh....oil broke $16.00

Wednesday September 30, 9:34 pm Eastern Time
U.S. ACCESS crude, gasoline futures edge up
LOS ANGELES, Sept 30 (Reuters) - U.S. crude oil and unleaded gasoline futures edged up Wednesday in thin after-hours trade as buying continued from the daytime session, traders said.
Traders said no fresh news came into markets, which traded lightly following a late rally in the New York Mercantile Exchange (NYMEX) session.
''There's not much going on,'' a trader said. ''It's a continuation of what we saw today.''.
Prices on after-hours ACCESS rose because cheaper crude oil prompted buying, dealers said. Buyers had stepped up on NYMEX to take advantage of the November contract after it dropped 20 cents a barrel earlier in the day.
The drop came after the weekly American Petroleum Institute (API) report on Tuesday showed the first rise in crude oil stocks since August and a continuing build of heating oil stocks.
Several hours into the ACCESS session the November crude oil futures rose four cents a barrel to $16.18 after closing 16 cents higher at $16.14 in the regular NYMEX session.
Total crude oil volume was 395 lots, of which 262 were November contracts.
The November unleaded gasoline contract also gained from its daytime settlement, rising 0.12 cents to 47.30 cents after closing 0.84 cents higher at 47.18 on NYMEX.
By contrast, the November heating oil contract slipped 0.05 cents a gallon to 43.35 cents after closing up 0.08 cent at 43.40 on NYMEX.