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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (9719)	4/7/1999 4:37:00 PM
From: DRRISK	Respond to of 11888

INO / Futures World News 4/7/99 4:16:48 pm Closing Ny Energies Market Declines as Bears Regain Control Discuss this story / Free quotes and charts New York-April 7-FWN--Energy futures erased recent gains here and fell to their lowest levels in seven days as shorts resumed control of the market on concerns rising inventory signals the end of a 4-week bull run. May crude oil futures crashed through key support levels by the closing today and slipped below $16.00 for the first time since dropping to a low of $15.93 on March 29. Crude oil dropped 83 cents to a low of $15.98. It pulled back later to end the session at $16.03. Both heating oil and gasoline lost more than 270 points each with gasoline dropping the most, despite less bearish stocks reports from the U.S. Department of Energy (DOE) and the American Petroleum Institute (API). May gasoline contracts fell to a low of 50.40 cents, down 328 points, and closed at 50.51 cents. Heating oil weakened to a low of 41.15 cents before climbing back at the closing to end at 41.27 cents, down 268 points. Today's performance wiped out all the gains made in the market in the last week and followed inventory reports from both the DOE and the API that differed significantly from what analysts were expecting. The reports showed product inventory higher than expected, while crude oil fell as refinery operations increased. Analysts said the sharper decline in today's gasoline market showed traders and speculators were disappointment by its perceived weakness at a time the traditional spring and summer driving period was approaching with warmer weather ushering in higher demand. "The gasoline market may have housed fewer speculative longs than the crude and heating oil markets, but it felt the keenest sense of disappointment with the inventory data for last week," said an analyst. "Further erosion is possible over the intermediate term." Reports from Nigeria that the country had resumed full production at its Forcados terminal, as well as news that Iraqi exports climbed above 2 million barrels per day for the first time since last week, further eroded confidence in the market, analysts said. The trend appears to be down in the immediate term. I think we go back to 15 and then we get some support.Then higher to 17. We failed 17. DrRisk it was nice while it lasted

To: DRRISK who wrote (9719)	4/7/1999 10:00:00 PM
From: DEER HUNTER	Read Replies (2) \| Respond to of 11888

hip hip hooray......hip hip hooray...Hip Hip HOORAY!!!!! Now that's what I call a rally.....I mean really....woowwwwww.....up an 1/8 .....that's 17.39 big ones...I mean percentage points. Wow.....well well well....I wonder what transpired today to warrant this? Has the weather broke in oz? Is aipn going to commence drilling again? Did GF win the Big Game lotto and decide to loan the company multi-millions to drill the Kaz landscape? And if so at what interest rate is the loan? ............ I know I know......stop it DH.... but I'm excited....I mean 17.39%..... I'm giddy beyond belief. your most favorite lunatic.....DH