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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: RealMuLan who wrote (43462)4/28/1999 6:40:00 PM
From: The Ox  Read Replies (1) of 95453
 
Yiwu,
It is my understanding that there was going to be a couple of months before full (80%+) OPEC compliance was to be expected. If it is true that OPEC is already at 64% compliance within the first month, this should be seen as excellent performance in a very short period and is probably one of the big reasons oil prices are over $18/bbl.

I hope if someone reading this believes I'm off base, that they will jump in here with post and give us a more thorough analysis.
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