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: John Carson who wrote (15303)	3/18/1998 12:49:00 PM
From: Lucretius	Read Replies (1) of 95453

<<<Oil traders remained skeptical of Venezuela's move and many expected prices to stay weak. Venezuela's call for an OPEC/non-OPEC agreement is a "red-herring," said Nigel Saperia, managing director of oil trading at Bankers Trust International in London. Such a deal is "unlikely, although there is no doubt that oil producers are feeling the pain," he added. He said oil prices haven't yet hit their lowest level for this year, not discounting occasional rallies. >>> I like this. Plenty of oil bears out there that haven't switched team yet. :) -Lucretius

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