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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.09

-13.6%

Jan 30 4:00 PM EST

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To: long-gone who wrote (45134)	11/18/1999 8:36:00 AM
From: goldsnow	Read Replies (2) of 116955

11/18 7:01 Crude Oil Falls on U.S. Proposal to Allow the Sale of Strategic Reserves By Julie Crust and Dudley White Crude Oil Falls After U.S. Mulls Selling Supplies From Reserves London, Nov. 18 (Bloomberg) -- Crude oil fell after the U.S. introduced legislation to allow the sale of supplies from its emergency reserve in an effort to stall a rise in gasoline and heating fuel prices. Two U.S. senators yesterday introduced a proposal that would authorize the sale of oil held underground, inventories that are enough to meet two months of the nation's imports. The threat of a sale, even of a minimal amount, signals growing concern that oil prices have risen too much, traders said. quote.bloomberg.com

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