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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Amelia Carhartt who wrote (24679)6/24/1998 3:55:00 PM
From: marc chatman  Read Replies (2) | Respond to of 95453
 
Kuwaiti Oil Minister says 1.355 million barrels additional cuts. (CNBC)

If oil doesn't rebound by end of July, they may cut further.



To: Amelia Carhartt who wrote (24679)6/24/1998 4:12:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 95453
 
m...demand has been increasing all this year.The rate of demand increase has diminished. Eventually there will be an equilibrium. I expect that will occur sometime this winter, probably after january. That is when I would expect to see $17 oil again. By then, with the expected La Nina effect, some of the storage glut should be gone.


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