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To: marc chatman who wrote (36873)	2/5/1999 12:02:00 PM
From: Sam Miller	Respond to of 95453

ALERT!- someone just bought 150,000 shares of PDE at 6 1/16

To: marc chatman who wrote (36873)	2/5/1999 12:03:00 PM
From: Platter	Respond to of 95453

U.S. Cash Crude -Spot demand thin, but grades hold..NEW YORK, Feb 5 (Reuters) - U.S. benchmark West Texas Intermediate/Cushing slipped lower Friday, dragging down the entire cash crude market even as differentials for most grades stood still. The slight WTI/Cushing losses came alongside lower crude oil futures, which slipped four cents, breaking below $12.00 a barrel, in the first hours of trade. Crude traders said that the bears continued to have the upper hand in both the cash and futures markets, citing high stocks, unusually warm weather, and sluggish demand from the refining sector. Still, few seemed willing to sell the market sharply lower, leaving trade at a near standstill. West Texas Intermediate/Midland changed hands at 28 cents below the benchmark, and was later quoted between minus 30 and 27 cents a barrel. West Texas Sour/Midland, under pressure much of the week, found notional interest between minus $1.40 and $1.36 a barrel. Sweet crude differentials were also steady, though they appeared vulnerable in the face of heavy North Sea and West African imports. On Friday, Light Louisiana Sweet/St. James was discussed on either side of 50 cents below WTi/Cushing. Its sister grade, Heavy Louisiana Sweet/Empire, was called a steady minus 80 cents. U.S. cash crude traders added that WTI/Cushing postings-plus hovered early Friday at $2.45/2.50 a barrel.