junior oilers good news for thursday $%$%

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    More oily mess for stocks

    U.S. markets set to open lower as crude futures reflect heating oil jitters.
    October 20, 2004: 6:08 AM EDT



    NEW YORK (CNN/Money) - Stocks looked ready to back down Wednesday as oil futures went back up.

    Early Wednesday, Nasdaq and S&P futures were moderately lower.

    Oil prices rose in anticipation of the U.S. government's weekly inventory report, due at 10:30 a.m. ET, which will be closely watched for indications about heating oil supplies. U.S. crude futures rose 23 cents to $53.52 a barrel in electronic trading, while Brent oil futures added 18 cents to $48.95 a barrel in London.


 
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