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Strategies & Market Trends : Asia Forum

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To: Ron Bower who wrote (8358)	3/20/1999 5:24:00 PM
From: Dayuhan	Read Replies (2) of 9980

I've long thought it inevitable that oil prices would start to cycle up again. Does cause inflation worries, but there are bright sides on the macro and micro levels. Oil producers will spend the money they earn, adding to aggregate demand. It will also be good news for the oil-service sector, one of the best values in the stock market today. I've been picking some of these up over the last few months, partly because the fundamental numbers are so good and partly because I want to be smiling when everybody starts howling over rising oil prices. Interesting to see if the producers can stay together.

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