Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (64938)	4/19/2000 9:19:00 AM
From: Think4Yourself	Read Replies (1) of 95453

We seem to be running on awfully tight supplies right now... Louisiana refinery shutdown sends crude oil prices higher chron.com ... "The rally really shows that any little refinery problem is going to magnify the tight supply situation we have," said Phil Flynn, energy analyst for Alaron Trading Corp. in Chicago. "We're counting on those refineries to produce at a big clip, and if they don't, shortages could develop." Barring unforeseen supply news, the market now may be headed toward the upper end of the trading range -- $28 to $29 a barrel, he suggested. "Probably the bulls are going to be in charge for the next couple of days," Flynn said. ...

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