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: William Nelson who wrote (23675)	6/9/1998 11:23:00 AM
From: upanddown	Read Replies (1) of 95453

I feel like there's got to be some reason why people are taking delivery at this price, even though storage is already overflowing. Unclear yet if buyers are willing to take delivery. Last month, the June contract collapsed on the last day of trading as buyers were unwilling to take delivery. That was approx May 18 - 19. I've been trying to find out when the July contracts expire without success. Big mystery but I am assuming around the same time of the month. That may be a bottom for the sector with the OPEC meeting soon after. John

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