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To: Challo Jeregy who wrote (24007)6/12/1998 4:16:00 PM
From: Grommit  Read Replies (2) | Respond to of 95453
 
The psychology here scares me.

You are all excited that the OSX had rebounded to 93.54 - please remember that a week ago it was at 103.5

The bad news of rigs stacking is still not in the popular press. If it is, I missed it. I think that nothing fundamentally changed today and there is more bad news to come on rigs, asia, crude prices and maybe OPEC.

Hope I am wrong, however.