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

To: marc chatman who wrote (27618)	8/13/1998 8:06:00 AM
From: diana g	Read Replies (1) \| Respond to of 95453

marc, do you know if this is a new, surprise reduction, or is it part of the previously pledged reductions? Re: "Saudi Aramco has informed its crude oil customers in Europe and the United States of an across-the-board reduction in contract sales amounting to about 18 percent for September, trading sources said on Thursday. " regards, diana EDIT-- Looks like crude is Up; That may answer the question.

To: marc chatman who wrote (27618)	8/13/1998 8:07:00 AM
From: Badfinger	Respond to of 95453

Thanks for the note. This is a perfect set up for a sector rotation. As the majority of the market falls into disfavor because of the other bad news, the oil sector gets a bust as the boys in the middle east do something about the glut.