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To: yard_man who wrote (24605)6/23/1998 7:01:00 PM
From: Lazlo Pierce  Read Replies (1) | Respond to of 95453
 
Well rising stocks indicate more of a glut. we have been in a rising stock mode these last weeks, and it is a positive to show a 3M decrease (unless the projection was for more, which I don't know).

Dave



To: yard_man who wrote (24605)6/23/1998 7:06:00 PM
From: Thomas M.  Read Replies (2) | Respond to of 95453
 
To emphasize David's response, there is a massive glut of crude oil in storage that has been built up during the recent bear market. This is a key indicator to watch to gauge any recoveries in the the price of crude.

Tom