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To: Enigma who wrote (23484)11/27/1998 9:09:00 AM
From: John Hunt  Read Replies (1) | Respond to of 116753
 
Oil ministers flee wreckage of OPEC meeting

biz.yahoo.com

VIENNA, Nov 27 (Reuters) - OPEC ministers on Friday hurried away after a disastrous Vienna meeting that looks like inflicting even more punishment on their oil-dependent economies.

The careworn oil cartel's breakdown in cooperation will ensure that this year's crushing price slump gets worse before it gets any better, analysts said.

''In my gut I think we are going to see oil prices in single digits,'' said Mehdi Varzi of Dresdner Kleinwort Benson bank. >>