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


To: diana g who wrote (31238)10/29/1998 9:19:00 AM
From: articwarrior  Read Replies (3) | Respond to of 95453
 
Sorry to say this isn't a full cup!

"A huge crude stock build in the vast U.S. market signalled more potential misery for cash-pinched oil producers as OPEC ministers arrived in South Africa.

Stock data by the American Petroleum Institute (API), a key pointer to trends in the world's biggest petroleum market, showed a crude inventory build of nearly eight million barrels last week, double what market watchers had expected.

Crude flooded into storage even though refinery throughputs rose by nearly two percent, churning out an additional 258,000 bpd of oil products."