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: Thean who wrote (9376)	1/23/1998 7:39:00 AM
From: Thean	Read Replies (4) of 95453

How about this? Tom Castelo (CNBC) just reported North Sea Brent is DOWN $0.48! Anyone can verify this before market opens? If this is true, there is even more compelling reason to want to sell early today into strength, if there is any. Hello $15. Knowing the way the street works, prices do not stop falling (or rising) at a rational price target. They always overshoot badly and emotionally. Yesterday API reported crude inventory surged 4.6% this week and they attributed it to high imports. The news is in Bloomberg energy.

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