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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Sunny who wrote (24274)6/16/1998 10:55:00 PM
From: Broken_Clock  Read Replies (2) of 95453
 
Sunny....here is what the oil pits(as in traders) are saying today.

"We are at least expecting 1 million bpd," said a broker. "For anything significant to happen 1.5 million bpd cut is required." crbindex.com

I have a sinking feeling that the June OPEC meeting will be a big let down. They are talking 1.2 and the pits are saying 1.5. last time around the same discrepancy occurred.
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