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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (1510)	3/6/1998 10:35:00 PM
From: Gottfried	Respond to of 34811

Beeblebrox, crude hit a 4 year low. While oil companies take a long term view when planning drilling, the Market does not when it prices drillers' stocks. Crude oil future prices on the New York Mercantile Exchange fell to lows not seen in nearly four years amid doubts that Organization of Petroleum Exporting Countries members will agree to production cuts and concerns about the level of gasoline stocks. --------------------CRUDE OIL-LIGHT SWEET--------------------- NYM - 1,000 bbl_dollars per bbl. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Apr98 15.25 15.33 14.88 14.91 _.42 21.75 15.07 May98 15.59 15.68 15.28 15.30 _.37 21.50 15.44