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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (102)6/5/2001 12:05:50 PM
From: craig crawford  Respond to of 1643
 
Tuesday June 5, 11:34 am Eastern Time

OPEC Delays Extra Oil After Iraq Stoppage
biz.yahoo.com

By Richard Mably and Tom Ashby

VIENNA (Reuters) - OPEC oil producers on Tuesday decided to postpone a decision on how to respond to Iraq's stoppage of its U.N.-administered crude sales. Ministers said ample crude inventories and stable prices meant there was no need to panic over Baghdad's decision to suspend deliveries under the United Nations oil-for-food program. They agreed to leave output at 24.2 million barrels daily for 10 members and to gather for an emergency session on July 3.

(excerpt)



To: craig crawford who wrote (102)6/5/2001 5:33:14 PM
From: Moominoid  Read Replies (1) | Respond to of 1643
 
I've mentioned the CFS Global Resources fund. OK it's priced in Aussie Dollars but even if you track it in US Dollars it would have gone up a lot over the last 2 years. Only part of the investments are in Aussie miners, most are overseas. The only reason I might get out of this fund is if the Aussie Dollar will rise sharply as it is unhedged. (though I guess I could look at hedging myself).


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