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Odessa American in Odessa, Texas

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

May 13, 1995

Page

10

Oil prices edge up after dip on Brazil strike impact

Oil futures recovered late Friday after testing one month lows as refiners bought to meet delivery deadlines and traders eyed demand. Brazil oil workers strike raised supply concerns, supporting prices. June WTI settled at 19.52 dollars per barrel, Brent at 18.52 dollars.

NEW York Brazil New York Mercantile Exchange al Linseth GSC Energy Atlanta Petrobras National Oil Workers Federation London North Sea International Petroleum Exchange

U.S. Rig Count Climbs by 25 to 689 This Week

The U.S. rig count rose this week by 25 to 689 with West Texas down four to 86. The total shows 245 rigs in Texas last week and 234 this week. The weekly tally records rigs actively exploring for petroleum and natural gas, not those producing.

U.S West Texas United States

Brazil oil workers strike nears collapse amid government pressure

About 50,000 striking oil workers threaten to quit as the government refuses to negotiate and studies emergency fuel distribution. Petrobras fires 59 workers and hires replacements while the Supreme Labor Tribunal rules the strike illegal. Workers demand a 23.6 percent pay raise and oppose privatization.

Brasilia Brazil Petrobras Supreme Labor Tribunal Rubems

Commodities mixed as futures show varied open interest

Trading results across NYM, CBT, CME and CSCE show mixed activity with several contracts posting gains while others slip. Open interest rose in cotton and sugar markets, while grain bids ranged with No. 2 sorghum and corn steady to higher in Texas and Midwest exchanges.

Austin Texas High Plains Texas South Plains Fort Worth CBT Chicago Board of Trade CME Chicago Mercantile Exchange CSCE New York Coffee, Sugar and Cocoa Exchange CIN New York Cotton Exchange NYM New York Mercantile Exchange

Gas prices rise but travel plans unlikely to fade

AP reports the Energy Department expects regular gasoline to average 1.24 dollars a gallon nationwide through September, about five cents higher than last summer. Demand is not expected to drop while travel activity should rise 2.8 percent, with oil imports near half of U.S. demand through 1996 and electricity use climbing along with coal.

Washington Energy Department Department Energy Information Administration Statistical Agency The U.S

Panhandle feedlot opens amid slow trade and mixed cattle prices

In Amarillo and the Texas Panhandle, feedlots report light buyer inquiry as slaughter steers and heifers show limited testing and a weak undertone. Records show 1,000 slaughter steers and 1,000 heifers sold after a weekly 94,000 head movement. Prices list select to midgrade steers at 1100-1200 lb about 62.00 and 1000-1100 lb heifers about 63.00, with hog and cattle quotes from National Stockyards and Omaha markets reflecting softer trade and uneven demand.

Amarillo Texas Panhandle Oklahoma Panhandle Omaha Neb USDA U.S

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