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: Tulvio Durand who wrote (8780)	1/19/1998 9:27:00 PM
From: chuck weir	Read Replies (2) of 95453

Oil: UBS Securities lowered its 1998 oil price forecast to $17.75 from $19 a barrel, citing near-term "supply/demand imbalance." The brokerage firm also lowered its 1999 forecast to $18.75 a barrel from $19. If UBS is correct, that means inflation pressures will abate still further. But it also means that the oil-sector stocks, including the drillers, have some rough patches ahead of them.

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