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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Paul Angell who wrote (30662)	10/12/1998 10:41:00 PM
From: Captain James T. Kirk	Respond to of 95453

Monday October 12, 8:47 pm Eastern Time Crude oil futures steady in U.S ACCESS trade HOUSTON, Oct 12 (Reuters) - U.S. November crude oil futures held steady in fairly active after-hours trading on Monday and were little changed from their close on NYMEX. At 8.30 pm EDT, the November crude contract was trading at $14.45 a barrel, a gain of one cent on its NYMEX close where it finished the session with a loss of 14 cents at $14.44. Dealers said this indicated that the majority of operators did not want to see crude slip any further for the time being. "We've had some decent size traded tonight...some of it is coming off the spread (against the December contract) and someof it is outright," said one dealer. The December crude contract was trading at $14.63 a barrel, also one cent up on its NYMEX close. Volumes in the heating oil and unleaded gasoline contracts were thin, though heating oil, which had taken the biggest tumble in percentage terms on NYMEX underwent a mild recovery. The November heating oil contract closed 77 cents lower on NYMEX at 38.60 cents a gallon, but gained 15 cents to 38.75 in ACCESS trade. Dealers said the stabilization of the crude contract on ACCESS, following its losses late in the NYMEX session, could pave the way for an attempt to reach higher levels on Tuesday. ''I think you'll see it open up at these levels and hopefully it will go higher from there,'' said one. -------------------------------------------------------------------------------- Related News Categories: US Market News