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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (44793)5/14/1999 7:56:00 PM
From: Crimson Ghost  Read Replies (2) of 95453
 
Bloomberg getting real slippery in their energy commentary. When crude was up this morning, they said the rally reflected good OPEC compliance. The crude selloff later in the day was blamed on the fact that US oil inventories are still 5% above a year earlier.

But they did report that the Saudi energy minister said that crude could climb another 25% by year-end if OPEC compliance remained high. Not much incentive to cheat under that scenario.
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