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Politics : Idea Of The Day
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To: MonsieurGonzo who wrote (16699)1/28/1998 8:25:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Steve I don't feel good about Oil in face of weakening demand in ASEA this said I would think that most of the OPEC guys would like the price to firm upto atleast well above now I would asume that present levels of price really increase budgetary defecitsas 97-98 budgets for Govts like Saudia and Kuwait were projected on anticipated higher earnings I will look at the Oils closely and will only go long if bond remains above 6% yield.I will like some strong economic numbers to invoke demand in Oils.
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