London (Platts)--4Apr2008

Crude and refined products futures moved sideways Friday, showing some
apparent strength early on but only in relation to a late sell-off Thursday,
market sources said.

At 09:31 GMT, the May ICE Brent futures contract was at $103.30/barrel,
up 78 cents/b, while the May NYMEX WTI contract traded at $104.76/b, up 93
cents/b.

In the last hour of trading Thursday, the front month ICE Brent contract
fell from $103.91/b to close at $102.52/b.

"There's no pull in either direction so far and low volumes", said a
London-based analyst.

The market was also waiting for key economic data from the US.

"Today is E Day and E stands for employment", said the oil analyst
Petromatrix. "The entire asset classes are under such correlation that the
non-farm payroll number released just before the full NYMEX session should
bring strong movements from equities to forex and commodities."

"The dollar being such a driver to the price of oil and the employment
report being such a binary directional report for the dollar, it makes
sense for directional funds to save some of their ammunition until the
report," the report said.

In products market, the NYMEX heating oil and gasoline markets traded at
$2.9550/gal and $2.7315/gal, up 3.22 cents/gal and 0.72 cents/gal
respectively.

The April ICE gasoil futures contract changed hands at $957.00/mt, up 25
cents/mt.
--Paul Hailey, paul_hailey@platts.com