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

To: JHR who wrote (24779)	6/26/1998 1:53:00 AM
From: upanddown	Read Replies (2) \| Respond to of 95453

Crude prices starting to show some stability. After dropping to 13.75 during the open outcry session, it crawled back up to $14 at the end. Overnight trading was down a little but has now gotten back to even. If crude can build a base here, I think the drillers may do the same. If the market immediately digests all public news, then the OPEC deal and the current level of skepticism about compliance should already be reflected in a $14 price. It will probably take fresh news about storage levels to move it up or down, IMHO. John