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To: Charles A. King who wrote (9626)	6/24/1998 4:33:00 PM
From: Charles A. King	Read Replies (2) \| Respond to of 13091

VIENNA, Austria (Reuters) - OPEC oil powers agreed Wednesday to make big cuts in their output to try to boost weak prices, delegates said. The cartel agreed to slash crude oil flows by 1.38 million barrels per day, more than doubling earlier output reductions agreed on in March, a delegate said. infoseek.com:80/Content?arn=a1657reuff-19980624&qt=crude+oil&col=NX&kt=A&ak=news1486 Oil prices indicate that traders are not impressed. Oil producing countries have a serious credibility problem, even among themselves. Charles