SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (12681)2/24/1998 8:29:00 AM
From: Teddy  Read Replies (1) | Respond to of 95453
 
In London trading... oil stocks recovered from sharp losses on Monday, caused by plunging fuel prices after news that the U.N. and Iraq had reached agreement over weapons inspections.

Amoco (AN - news) climbed $1/8 to $83-1/2 and Atlantic Richfield (quote from Yahoo! UK & Ireland: ARCq.L) recouped $1/4 to $74-1/4.

(Not much, but better than going down more)



To: marc chatman who wrote (12681)2/24/1998 9:20:00 AM
From: RGinPG  Respond to of 95453
 
The long term chart of oil prices (since 1981) is of WTI crude, which generally runs about $2 per barrel lower than Light sweet crude (which was at $15.40 per barrel yesterday). Thus a historic low for light sweet crude for the last decade would be somewhere around $14 to $14.5 per barrel. So we are still $1 to $1.50 away from 20 year lows. Thanks, I did not pick up this difference at first.

rgdoczzz.home.texas.net


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News