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: Intel Trader who wrote (27055)	8/4/1998 11:39:00 PM
From: VLAD	Read Replies (2) of 95453

What does it take to make crude oil futures suddenly spike up 3 to 5 bucks a barrel? Iraq not allowed more oil for food since they are being difficult as always. Also Iraq pushes the US into some sort of military response for continued non compliance. Continued civil unrest in Nigeria leading to a disruption in oil exports. Opec members indeed comply 90%+ with cut backs agreed upon thus far and agree on further cuts if oil prices do not increase. Any significant unrest in the Middle East. Iraq or Iran instigate a move against a Persian Gulf oil producing neighbor. A cold El Nina winter hits the globe. Asia recovers and increases oil consumption. Any of these events or combination thereof can get the futures traders into panic buying not to mention panic short covering.

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