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: jbe who wrote (21859)	5/12/1998 8:47:00 AM
From: marc chatman	Read Replies (2) of 95453

The good news today is that June Brent is up .13 in early trading. And crude futures are bid up about .17. The bad news is that a daily chart of oil prices shows trading in a down-trending channel for about the past 3 weeks. Yesterday, crude futures dipped below $15 before a bounce to $15.50, and then settled back to $15.16. I suppose we will see soon enough whether the bounce yesterday was technical. For now, the downtrend appears to be intact.

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