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To: NickSE who wrote (57676)	8/22/1999 3:09:00 PM
From: NickSE	Read Replies (1) of 86076

Hmmmm, looks like oil is going vertical...imho, could be bullish for equities...bwdik LONDON, Aug 17 (Reuters) - Signs of concern over the possible impact of the millennium bug on oil supplies are starting to show up clearly in European petroleum product prices, traders said on Wednesday. The dealers said that a recent increase in prices for petroleum product futures and cash derivatives for late 1999 was due in part to worries computer breakdowns at the New Year 2000 changeover, or Y2K... ...While there is no sign yet of panic buying some dealers are accumulating positions to take advantage of any growing fears of a shortfall in supplies. One U.S. bank has taken a particularly large position, betting that price differentials will rise... infoseek.go.com tHeMaDdOg Vive Le Toro

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