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


To: freddie who wrote (59604)2/2/2000 2:41:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Freddie - Opec Deal? It's possible that's why oil is down today on great API/DOE #'s. Maybe something has been leaked. I can't imagine OPEC removing the cuts completely though. I'm doubtful of any deal until I see it hit the wires. Far too much spin out there...

JimP - Market is selling off a little more because of the tightening bias as opposed to the hike itself.



To: freddie who wrote (59604)2/2/2000 2:41:00 PM
From: Roebear  Respond to of 95453
 
freddie,
I don't know but I sure don't like the sound of it, perhaps he is referring to Richardson in the Mid East today (I'm not sure that is right, I'm mostly a chart guy, not a news guy!)

Perhaps he is subject to hopeful thinking, I hope.

I do not like the price action of oil here, I did expect a retrace off of overhead resistance at 28.65 which securitytrader had charted last night, but not this much of one. Then again, maybe I had too much java today?
Time for some more!

Roebear