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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.665

-7.5%

3:59 PM EST

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To: Gemini who wrote (2180)	3/19/1998 1:12:00 AM
From: Brian P.	Read Replies (1) of 2841

This is why: << LONDON, March 18 (Reuters) - World oil prices rallied from nine-year lows on Wednesday after Venezuela called for an agreement among both OPEC and non-OPEC producers to cut oil output. Brent blend crude, the world benchmark grade, closed 86 cents higher at $13.12 a barrel having dipped under $12.00 on Tuesday to hit its lowest level since November 1988. OPEC member Venezuela is seeking agreement between Organisation of the Petroleum Exporting Countries and non-OPEC oil producers to withdraw up to two million barrels per day (bpd) from the world market to boost prices, the head of Venezuela's state oil company said on Tuesday. >>

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