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

To: Tomas who wrote (61154)	3/1/2000 10:39:00 AM
From: Tomas	Read Replies (1) \| Respond to of 95453

New York traders bet on high oil prices Quote from today's Calgary Herald: Some oil traders are predicting it could surge to $35 per barrel or higher by the end of the year. "The market will stay up here for a year or two, unless there's some dramatic change in OPEC," said Mark Dimon, an oil trader at the New York Mercantile Exchange. "I think $35 to $38 per barrel prices could be possible by the end of the year." "World oil demand is going to increase, and I don't think (OPEC) will increase production close enough start making up for the deficit," said Dimon, who noted some analysts are predicting oil demand will climb by five million barrels a day this year.