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


To: Broken_Clock who wrote (4021)12/1/1997 2:39:00 AM
From: tyc  Read Replies (1) | Respond to of 95453
 
Oil futures in Singapore slumped about 50-75 cts a barrel on
Monday in initial early reaction to OPEC's weekend decision to
raise its output ceiling to 27.5 million barrels per day (bpd)
for
the first half of 1998 from 25.033 million bpd.
OPEC Secretary General Rilwanu Lukman, speaking at OPEC's
closing news conference on Monday, shrugged off the slide,
saying
it was too early to judge how oil prices would react in the
longer
term.