Energy Futures Are A Bit Higher

BILL O'GRADY, A.G. Edwards, St. Louis (3:10 pm ET): Crude oil futures rose 17 cents to $20.09 in short covering rebound from oversold condition... there is some hope OPEC will do something next week about cutting production to bolster prices... but longer term it is hard to be bullish...however, situation could change if something dramatic happened in war on terrorism... Kuwait daily newspaper said US demanding Iraq open up to weapons inspections or face military action... Inventories reports not market friendly.

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