Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: jad who wrote (461)	6/20/1998 11:52:00 AM
From: jad	Read Replies (1) \| Respond to of 1153

Oil prices have dropped 35% this year as supplies have swelled, relative to demand. Yet while nearby quotes last week hit their lowest level in over a decade, the futures market is predicting a swift rebound to $16 per barrel, or nearly 35% above current quotes, by year-end. That would put oil above the top of the trading range in which it has moved since January. And it would be quite a move given that, despite all the pledged output cuts by OPEC and other producers, prices have buckled under burdensome inventories. Why are prices for delivery only six months into the future commanding such a premium? And which end of the oil price curve -- the present or the future -- best reflects the market's fundamentals from this week's Barrons