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To: Mike from La. who wrote (39403)3/10/1999 7:10:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Mike:

Oil up another 40 cents as OPEC and non-OPEC producers reportedly agree on cuts.

bloomberg.com

This is the most bullish scenario possible. As you know I have long argued that OPEC would not cut unless non-OPEC producers joined in.

To top off the good news the IEA has upward revised its forecast of 1999 demand because of a strong US economy.