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

To: Broken_Clock who wrote (53641)	10/27/1999 9:30:00 PM
From: Tomas	Read Replies (2) \| Respond to of 95453

Many speculators, who fueled this year's rally, have closed out their positions and may be waiting for signs of stronger demand before buying more futures contracts, Pena said. Speculators' net long positions -- the number of crude oil futures contracts bought minus contracts sold -- fell to 24,802, the lowest since March, from 63,180, a Commodity Futures Trading Commission report covering the two weeks ended Oct. 19 showed on Friday. "No one wants to do anything, to take a healthy position unless (oil) goes above $25 or below $20, and speculators haven't really been back in the market since we went down to $20.55" on Oct. 11, Pena said. Bloomberg Energy News, October 27