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

To: Angela who wrote (8369)	1/16/1998 3:59:00 AM
From: Dwight E. Karlsen	Respond to of 95453

Angela, I'm fairly ignorant about the different flavors of oil, but going by price, I would think that when articles talk about $18/bbl for "oil" being what oil companies hope the price rises back above, they are referring to light crude. Here are some really nifty charts, which do TA on the price of these different flavors of oil (scroll down once you get to the two middle charts for "grey box" commentary - automatically generated I assume): Commodity Futures Chart Selection Menu tfc-charts.w2d.com Crude Oil, Light, Feb Contracts (picked from page linked just above) is 16.xx, which is about right I believe, and what is causing the anxiety. tfc-charts.w2d.com Brent Crude, Feb Contracts. This oil is about a buck lower than light crude, so I don't think this is the flavor people generally refer to. tfc-charts.w2d.com The home page which contains the "Commodities Charts" button link to these charts is here: tfc-charts.w2d.com