DIAMOND SHAMROCK (DIA) CUTS CRUDE PRICES

  Diamond Shamrock Corp said that
  effective today it had cut its contract prices for crude oil by
  1.50 dlrs a barrel.
      The reduction brings its posted price for West Texas
  Intermediate to 16.00 dlrs a barrel, the copany said.
      "The price reduction today was made in the light of falling
  oil product prices and a weak crude oil market," a company
  spokeswoman said.
      Diamond is the latest in a line of U.S. oil companies that
  have cut its contract, or posted, prices over the last two days
  citing weak oil markets.
  

