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Politics : High Tolerance Plasticity

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To: upanddown who wrote (1529)3/13/2001 6:41:57 PM
From: upanddown  Read Replies (1) of 23153
 
Aftermarket reaction to API's rather mild. WTI trading in low 27's. This must mean the OPEC basket is getting close to $23. With these supply numbers and the OPEC price closing in on the lower end of the 22-28 band, a cut of at least 1MM seems assured now, maybe even 1.5MM.

John
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