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To: joe who wrote (17413)6/15/1998 12:02:00 PM
From: DMaA  Read Replies (1) | Respond to of 45548
 
No inflation here.

Oil Services Stocks Fall As Oil Price Hits 12-Year Low
Dow Jones Newswires

NEW YORK -- Oil-services shares were hammered Monday as world oil prices continued to plummet, further eroding the outlook for industry earnings.

Crude oil futures in New York hit a low of $12.05 a barrel earlier Monday morning, their lowest level in 12 years, and well below the $17 to $20 a barrel that industry observers consider to be oil's typical price range.