Recapturing

Short-Covering Boosts August Ahead of Weekend

The futures market rebounded Friday, recapturing some of thelosses registered earlier in the week as light position squaringearly in the day gave way to moderated short-covering ahead of theweekend. That left the August contract above the critical $2.00level, closing up 8.3 cents at $2.031.

July 27, 1998