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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Jon Cave who wrote (46139)	6/9/1999 10:05:00 AM
From: Fitz	Respond to of 95453

RESEARCH ALERT - CSFB raises Brent crude forecasts LONDON, June 9 (Reuters) - Credit Suisse First Boston said on Wednesday it raised its 1999 average Brent crude oil price forecast to $14.95 per barrel from $14.45, and its 2000 forecast to $16.25 per barrel from $16.00. CSFB said the raise was due to the oil price reverting to a mean between $16 and $17 per barrel faster than expected. The investment bank also repeated its "buy" recommendations on oil companies Shell Transport and Trading Co Plc/Royal Dutch Petroleum <SHEL.L> <RD.AS> and ELF Aquitaine <ELFP.PA>. No futher details were immediately available. ((Ed Cropley, London newsroom +44 171 542 7717, fax +44 171 583 3769)) For research reports, go to Reuters Broker Research on Reuters Web at rbr.session.rservices.com June 9, 1999 5:42am Source: Reuters