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To: Fitz who wrote (39508)	3/10/1999 3:45:00 PM
From: Platter	Respond to of 95453

Oil closed at 14.67, up 82 cents, OSX up 5.87 OSX - Transaction Log 3:39:54 X 60.66 +5.87 3:39:41 X 60.66 +5.87 3:39:26 X 60.67 +5.88 3:39:07 X 60.67 +5.88 3:38:59 X 60.67 +5.88 3:38:38 X 60.66 +5.87 3:38:20 X 60.70 +5.91 3:38:06 X 60.71 +5.92 3:37:54 X 60.71 +5.92 3:37:39 X 60.70 +5.91 3:37:26 X 60.68 +5.89 3:37:14 X 60.68 +5.89 3:36:51 X 60.70 +5.91 3:36:41 X 60.66 +5.87 3:36:26 X 60.64 +5.85 3:36:07 X 60.68 +5.89 3:35:54 X 60.71 +5.92 3:35:42 X 60.73 +5.94 3:35:24 X 60.70 +5.91 3:35:10 X 60.71 +5.92 3:34:54 X 60.69 +5.90

To: Fitz who wrote (39508)	3/10/1999 3:48:00 PM
From: Platter	Respond to of 95453

NYMEX crude surges near the close on cut hopes NEW YORK, March 10 (Reuters) - Crude oil futures on the New York Mercantile Exchange (NYMEX) surged late Wednesday as investment funds stepped up buying, overcoming a brief selling episode on news that Venezuela was unwilling to join any fresh effort to cut more oil barrels off the market, traders said. At 1507 EST/1807 GMT, NYMEX April crude traded at $14.68 a barrel, up 83 cents, after hitting an intraday high of $14.75, after hitting some resistance at $14.65. "The Venezuelan position seems to be factored in becauseeven if they cut, they may not cut too much," said Michael Busby, Northville Industries trader Michael Busby. "Talk that Saudi Arabia is willing to make a cut proportionally bigger than other producers is what has made this market move up the way it has today," he added.