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To: xcr600 who wrote (11163)3/20/2003 10:32:55 AM
From: RockyBalboa  Respond to of 48463
 
In oil. If you say oil fields burn than oil must rise. Its down 8 dollars in one week, so there must be bounce potential.

(US Oil is quoted about $30, perhaps it goes up... )

(As long as it is true that oil fields burn)



To: xcr600 who wrote (11163)3/20/2003 10:53:17 AM
From: RockyBalboa  Respond to of 48463
 
Something's fishy. Wel runs to 2.10 and the Oil price barely budges.

Either one of these prices is "false".



To: xcr600 who wrote (11163)3/20/2003 11:29:24 AM
From: Bucky Katt  Read Replies (2) | Respond to of 48463
 
NEAR THE KUWAIT-IRAQ BORDER (AP)--Orange flames could be seen Thursday on the northern horizon in the direction of the southern Iraqi oil center Basra, witnesses said.

The witnesses, located about eight miles south of the border on the Kuwaiti side, said the flames were seen after a series of explosions which shook buildings in the area.

It wasn't known if the flames were caused by the explosions.

The Arab satellite television channel Al-Arabiya reported that fires had erupted in Iraq's al-Rumeila field in the Basra area.

In Kuwait, U.S. military officers with the 1st Marine Division said three oil wells "have been torched" in southern Iraq but they gave no further details.


(END) Dow Jones Newswires

03-20-03 1124ET