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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ditchdigger who wrote (2019)3/21/1998 1:19:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Kenny, thanks for the article. While it is predicting oil prices will stay cheap, it is also saying that it is too early to make the call.
"To be sure, oil prices could pop back up again. The biggest dangers are political disruptions of the oil supply--most likely surrounding the situation in Iraq--or a sudden agreement among oil suppliers to cut production. Venezuela sent oil prices up a tick on Mar. 18 from their lows when it announced that it will attend OPEC's Mar. 30 meeting. That leaves some oil consumers waiting--hopefully--to see if the low prices stick. ''If this continues for more than several months, we'd probably get more excited,'' says Continental Chief Financial Officer Lawrence W. Kellner."
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