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

To: Mike from La. who wrote (39294)	3/8/1999 5:06:00 PM
From: diana g	Read Replies (3) \| Respond to of 95453

Re: Oil Futures as Indicator Mike, irt "... the futures traders call the shots. I'd have to say that they believe OPEC will cut, or oil futures would not be moving up like they are. ..." FWIW, I agree. Also- my memory is that, in the time leading up to the previous OPEC meeting, members were downplaying the possibility of cuts. They didn't want to build up expectations because they knew there were possibly insoluble problems at that time. This time the public statements are much more positive, and I take that as a very good sign. regards, diana