Oil And Product Futures Tumble
Tuesday’s American Petroleum Institute’s (API) weekly report showed stockpiles did not fall as much as predicted, spurring selling of crude oil, unleaded gas and heating oil. Trading is thinner than normal in a holiday shortened week, perhaps exaggerating the moves in energies.
Coffee is extending its losses from Tuesday, continuing to drop following a Brazilian government report which predicted a slightly better-than-expected crop for the 2000-2001 season.
Although T-bonds got off to a weak start—