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Strategies & Market Trends : LastShadow's Position Trading

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To: U Up U Down who wrote (10130)	3/10/1999 9:24:00 AM
From: John J H Kim	Read Replies (1) of 43080

>>"Gulf Arab oil ministers meeting in Saudi Arabia said on Wednesday they expected oil producers to reach an agreement soon involving "considerable" output cuts to help prices." The fact that they have to have this meeting suggests that there is still a glut of oil. Maybe they can get a short term pop in prices, but like before, member/non-memeber producers will cheat, and crude prices will probably be cheaper again. IMHO

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