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

To: Tulvio Durand who wrote (14606)	3/12/1998 12:55:00 PM
From: Teddy	Respond to of 95453

Low Crude Oil Prices Attract Bargain-Hunters An INTERACTIVE JOURNAL News Roundup NEW YORK -- Crude oil futures recovered late Thursday morning from their first dip below $14 in nearly four years at the New York Mercantile Exchange. News that the March 16 meeting of the Organization of Petroleum Exporting Countries' ministerial monitoring committee may be delayed a few days to give more ministers an opportunity to attend generated a bit of bullish sentiment Thursday. "The more OPEC builds this meeting up, the more likely it is that something substantial will come out of it," said Victor Yu, an energy analyst with Refco Inc. "They [OPEC ministers] have been around long enough to know that it's better to have no meeting at all than to hype one that ends us producing no results." One possible result of the meeting, according to Mr. Yu and other analysts, is a firm date for an emergency meeting, where production cuts could be considered.