Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (12171)	7/19/2001 1:34:08 PM
From: dawgfan2000	Read Replies (1) of 52237

11:43 (Dow Jones) Nymex crude oil futures take off after OPEC source says there is a strong "likelihood" the cartel will cut output quotas by as much as 1 million bbl ahead of a scheduled meeting in Sept. "It's very bullish news," one analyst says. Venezuela's oil minister earlier said OPEC could meet before Sept. to cut output. Comments follow earlier remarks by Saudi Arabia's Naimi that OPEC has "no choice" but to reduce output ahead of Sept. 26 meeting to reverse recent price decline. Nymex Aug. crude now at $25.70, +81c, facing resistance at $26.00. (MXF)

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