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To: JungleInvestor who wrote (37160)	2/9/1999 7:57:00 PM
From: dealmakr	Respond to of 95453

Jungle, Crude has a positive possible reaction for now on the report numbers mrci.com Saw a lot of RIG for sale today on the offer maybe as a result of that Pru downgrade. General market weakened badly into close, but all in all the patch not so bad as its had its butt kicked pretty hard already. It don't mean that it won't get kicked some more, but IMO its better than being in one of the NUTS that can leave you poorer by 20-30% in a day. Good Trading Dave

To: JungleInvestor who wrote (37160)	2/9/1999 8:09:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Nello The price was considerably higher 12 months ago but falling fast while inventories were climbing fast. oilworld.com Its not so much inventories falling this year as 1998 coming up to meet 1999. I do think it will give a psychological boost to the market. It will definitely give a psychological boost to Slider.<ggg> John

To: JungleInvestor who wrote (37160)	2/9/1999 11:02:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

People on this thread were victims of negative spin today. The IEA report that cut their 1999 demand projection by 300,000 bpd, also cut their supply estimate by 200,000 bpd because of pressure on non-OPEC production. But the Bloomberg headline and article only mentioned lower demand, not lower supply. Beware the financial press on anything to do with oil. The negative spin and downright distortions about the oil market can threaten one's financial health.