LONDON OIL FUTURES

LONDON OIL FUTURES

International Petroleum Exchange

May 12, 1998 Brent Crude Oil - (Dollars Per Barrel)

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High Low Bid Asked Bid

June 15.25 14.85 15.10 15.11 14.84

July 14.96 14.44 14.81 14.82 14.69

Aug. 15.14 14.96 15.00 15.01 14.96

Sep. 15.36 15.19 15.10 15.16 15.20

Oct. 15.57 15.45 15.45 15.58 15.44

Total sales, 87,302 contracts.

May 12, 1998

sil,1 London Gas Oil - (Dollars Per Metric Ton)

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High Low Bid Asked Bid

May 134.50 133.00 133.75 __ 133.25

June 135.25 134.00 134.50 134.75 135.00

July 137.50 136.50 136.50 136.75 137.25

Aug. 140.25 139.25 139.25 139.50 140.00

Sept. 143.00 142.25 142.00 142.25 143.00

Oct. 146.00 145.00 145.00 145.25 146.00

Total sales, 31,645 contracts.

Gas oil is distillate fuel oil. To find the equivalent price per barrel, divide the dollars-per-metric-ton price by 7.59 (there are 7.59 barrels per ton). To find the cents-per-gallon price, divide the per-barrel figure by 42 (there are 42 gallons in a barrel).