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To: Bazmataz who wrote (18878)4/13/1998 1:28:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
Nice report. It seems as tho lehman's position is not universally held tho...Gold id up, bond yields are up. That doesn't sound like disinflation to me. Note that CCI which was up 37 points the other day has given up about 27 of those points. Looks like a lot of shareholders felt CCI was a good sell on the news....



To: Bazmataz who wrote (18878)4/13/1998 1:30:00 PM
From: Czechsinthemail  Read Replies (2) | Respond to of 95453
 
IEA reports mysterious drop in February inventories

Preliminary data showed commercial inventories of crude and petroleum products held in the Organisation for Economic Cooperation and Development (OECD) fell by one million bpd in February, reversing a build of that size in January.

They agency said one explanation was that it may have overestimated world oil supply in the early part of 1998, but even given future revisions to supply data there would remain a large inventory overhang.