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

To: XOsDaWAY2GO who wrote (6682)	1/6/1998 8:51:00 AM
From: david james	Respond to of 95453

London crude oil prices rose after falling 3.8 percent Monday to a 27-month low, because some traders viewed it cheap at this price and chose to buy. Over-supply concerns have weighed on crude prices. The United Nations is expected to approve an Iraqi oil-for-food distribution plan today that would allow Iraq to begin selling oil under an accord with the UN that will swell global oil supplies by more than 1 percent. February Brent crude oil futures gained 10 cents to $15.89 a barrel, after declining 63 cents yesterday to $15.79 a barrel on London's International Petroleum Exchange, the lowest closing price since Oct. 6, 1995 when Brent futures closed at $15.76 a barrel. In Singapore Brent closed 48 cents lower at $15.80 a barrel.