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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: j g cordes who wrote (22596)	8/10/1999 3:52:00 PM
From: Fun-da-Mental#1	Read Replies (1) of 99985

jg, I follow the oil market, and I agree there is a close US-Saudi alliance against Iraq, but I think that is a minor factor compared to: a) the regular 3-year oil investment cycle, and b) the world economic crisis last year, which caused an unexpected demand drop, and also a supply increase because some of the countries worst hit were also major oil producers (Indonesia, Venezuela, Russia) and they were trying to boost revenues any way they could. For some great ongoing analysis of the price of oil, check the "Strictly drilling and oil-field services" thread. Fun-da-Mental

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