Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: profile_14 who wrote (33293)	7/3/2004 8:16:34 AM
From: quehubo	Read Replies (1) of 206097

The price of oil responded to comments from Saudia Arabia indicating that production would not increase from present levels and that $35 WTI was a fair price. Also the market is getting concerned with refineries running at max pace and both distillates and gasoline stocks are low just before demand picks up. I think intermittent Iraqi oil production interruptions are priced in between $35-40 WTI.

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