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


To: gregor who wrote (31616)11/9/1998 11:48:00 AM
From: Richard D  Read Replies (1) | Respond to of 95453
 
On CNBC: Did anyone see that there may be 300 million barrels of oil missing from world inventories? If it is found in storage, then oil prices could weaken. If it is a computer error and oil inventories are over stated, then oil could firm up substantially. Very interesting. I wonder how soon they could resolve this.

Richard



To: gregor who wrote (31616)11/9/1998 12:08:00 PM
From: pz  Respond to of 95453
 
Gregor,

Normally the 1/4 quarter is the strongest quarter in the oil business. Companies will drill to hold leases, etc. So this is not a good sign, or trend.

Paul