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

To: Harold S. who wrote (25264)	7/7/1998 5:59:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<But the market expected an addition of 2-3 millions barrels not 658,000. this could be good for tomorrow.>> That's optimistic. I understand the notion of expectations being priced in, but if there is nowhere to put the stuff .... On the other hand, does this mean that the OPEC cuts are working? Usage is only slightly less than supply? Maybe this means we can die a slower and more painful death. The market has reacted strongly -- I see August crude bid up .06 in after hours. <g>