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

To: Tomas who wrote (32978)	12/16/1998 9:11:00 PM
From: Platter	Read Replies (2) \| Respond to of 95453

From Briefing.com.."OIL PATCH: Three factors working in the oil patch's favor today. One, heightened tensions in the Gulf, where it looks increasingly likely that US will launch air strike on Iraq. Second, tomorrow's meeting between Mexico, Venezuela and Saudi Arabia. Countries meeting to discuss production cuts. Third, traders forced to cover short positions in light of today's $0.91 per bbl jump in crude prices. There is another factor at work though much less obvious. This time of year is a good time to find bargains on the street and there is no better place to shop than in the battered oil sector as many of the drilling, services and equipment stocks are trading at, or just off, their 52-wk lows... "