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

To: BigBull who wrote (62969)3/26/2000 5:30:00 PM
From: Post_Patrol  Read Replies (1) | Respond to of 95453
 

Energy News
Sun, 26 Mar 2000, 5:26pm EST

OPEC Near Agreement to Boost Output 1.7 Mln Barrels (Update2)
OPEC Near Agreement to Boost Output 1.7 Mln Barrels (Update2)
(Adds analyst comment in 11th and 16th paragraphs.)

Vienna, March 27 (Bloomberg) -- OPEC is close to agreeing to
boost crude oil output quotas by as much as 1.7 million barrels a
day, or 7.4 percent, starting April 1, oil officials said as they
prepared for a meeting in Vienna.

We hope the Rah Rah crowd is still around next week!!

Happy trading,
The Patrol




To: BigBull who wrote (62969)3/26/2000 5:51:00 PM
From: Post_Patrol  Respond to of 95453
 
He commented on the possibility of an increase in oil
production of 1.5 million to 1.7 million barrels a day from OPEC,
plus a reported increase of 200,000-300,000 barrels a day from
Mexico.
``The market is not expecting 2 million, though it may sell
off on it. It's a little bit more than the market was expecting on
Friday.'


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