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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (12171)7/19/2001 1:34:08 PM
From: dawgfan2000  Read Replies (1) | Respond to of 52237
 
11:43 (Dow Jones) Nymex crude oil futures take off after OPEC source says
there is a strong "likelihood" the cartel will cut output quotas by as much
as 1 million bbl ahead of a scheduled meeting in Sept. "It's very bullish
news," one analyst says. Venezuela's oil minister earlier said OPEC could
meet before Sept. to cut output. Comments follow earlier remarks by Saudi
Arabia's Naimi that OPEC has "no choice" but to reduce output ahead of Sept.
26 meeting to reverse recent price decline. Nymex Aug. crude now at $25.70,
+81c, facing resistance at $26.00. (MXF)