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To: marc chatman who wrote (26593)7/27/1998 4:22:00 PM
From: upanddown  Read Replies (2) | Respond to of 95453
 
Big gains in crude, and merely a blip in the osx

Welllll....maybe a little more connect than that, Marc. Crude up 2.6% and the OSX up 2.2%, both moves coming late in the session. We really need a sustained move in crude to overcome the pessimism about the OS sector. Crude bouncing around 14 bucks ain't gonna feed the bulldog. That said, I sure don't see any move towards $8 crude from the current action, more like base-building around $14. Wondering if the market is anticipating improved inventory figures from the API this week.

John