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To: Lazlo Pierce who wrote (23425)6/4/1998 2:36:00 PM
From: marc chatman  Respond to of 95453
 
My guess is they will use this as leverage to get additional cuts from others at the meeting. Stocks seem to like the news.



To: Lazlo Pierce who wrote (23425)6/4/1998 2:40:00 PM
From: Narotham Reddy  Respond to of 95453
 
Oil Headlines..

14:33 VENEZUELA SAYS TO CUT OIL PROD BY 125,000 BPD, MEXICO TO CUT 100,000 BPD.
14:33 REUTERS: SAUDIA ARABIA SAYS TO CUT OIL PROD BY 225,000 BPD.
14:31 RIYADH PACT 3 AGREE OIL PRODUCTION CUTS EFFECTIVE JULY 1, 1998.
14:31 RIYADH PACT 3 AGREE TO OIL PRODUCTION CUTS OF 450,000 BARRELS PER DAY.