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Non-Tech : FedEx (FDX)
FDX 268.67+0.4%3:59 PM EST
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To: Mark T. Heath who wrote (146)8/10/1998 5:35:00 PM
From: Darryl Olson   of 524
 
Article in today's WSJ noted that OPEC's recently announced production cutback's were only coming in at 50%. As a result, they predicted it would take some time for the oil glut to diminish and low oil prices should continue for the remainder of this year.

Something else is driving the price down and we are not privy to it.
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