LONDON OIL FUTURES

LONDON OIL FUTURES

International Petroleum Exchange

May 14, 1998 Brent Crude Oil - (Dollars Per Barrel)

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High Low Bid Asked Bid

June 14.90 14.43 14.69 14.72 14.68

July 14.85 14.35 14.70 14.71 14.55

Aug. 15.04 14.60 14.85 14.89 14.79

Sep. 15.25 14.83 15.10 15.12 15.03

Oct. 15.42 15.11 15.30 15.39 15.26

Total sales, 54,955 contracts.

May 14, 1998

London Gas Oil - (Dollars Per Metric Ton)

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High Low Bid Asked Bid

June 133.25 130.25 132.50 132.75 132.75

July 135.50 132.75 134.75 135.00 135.00

Aug. 138.00 135.25 137.75 138.00 137.75

Sept. 141.00 138.25 140.50 141.00 140.50

Oct. 143.75 141.50 143.50 143.75 143.50

Nov. 146.00 144.25 146.00 146.50 146.00

Total sales, 21,600 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).