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To: Tulvio Durand who wrote (23507)	6/5/1998 4:41:00 PM
From: Broken_Clock	Respond to of 95453

You're right Tulvio...problem is, they gotta pay the bills! Iran is cheating because they can't pay the bills and the opposition knows it, therefore the heat is on big time. Venzuela, Mexico, Saudis are all in the same boat. They are walking a fine line.

To: Tulvio Durand who wrote (23507)	6/5/1998 5:04:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

And don't forget (you probably haven't) that in a couple of weeks, when buyers realize they will have to take delivery on the July contracts, and there is nowhere to put the stuff, we should see another nosedive in the futures contract. I'm thinking that if we get any kind of rally next week, it may be time to go short. To me, the big surprise is that the XOI was up in a big way while the OSX (minus SLB) treaded water. Crude finished down a nickel.