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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (44660)11/21/1999 1:19:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Then, this could be the top of the crude oil market for the time being.....BWDIK

GZ



To: William H Huebl who wrote (44660)11/21/1999 5:02:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 94695
 
>>Iraq is coming on stream fairly shortly which will add to the fuel supply.<<

Speaking of Iraq and oil...

From: Danny Cox
Another intersting post by Downstreamer from TB2000. There have been
rumours in the industry that Iraq was holding large positions in crude
oil futures through some of its shell companies. If they can drive the
price up by cutting off exports, they will be able to profit from their
futures positions. I wonder if Iraq, Bin Laden, etc. are thinking of
other ways to disrupt supplies over the next month or two.

......Danny

Oil prices are gonna be up through the roof tonight on NYMEX Access
and in the regular trading session tomorrow. Because the UN Sec
Council was unable to come to terms with the French and the
Russians on putting a lid on the rollover of the 6 month Iraqi oil
for food deal, a stop gap two week Iraqi oil sale deal was approved
on Friday. On Sat Iraq rejected this deal and said they're gonna
stop loading tankers as soon as those currently in port are done.
( Could someone link in the appropriate stories. Por favor. ) .........

Message 12032260

Good Luck,

Lee