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To: SargeK who wrote (39568)	3/11/1999 8:54:00 AM
From: Gary Burton	Read Replies (3) \| Respond to of 95453

Can someone post the april crude price as of now? The quote.com site had a number of 13.75 at 8.06am down from 14.62 8am. Prob a typo?

To: SargeK who wrote (39568)	3/11/1999 9:06:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

Morning news Recap Financial Times - The Amsterdam meeting ft.com "The price of oil held steady at around $12.50 for April delivery Brent crude in Europe on hopes of tangible progress this month towards significant reductions in output." "Key producers, including Saudi Arabia, Venezuela, Algeria, Iran and Mexico, were holding a meeting in Amsterdam on Thursday and there was speculation that they would agree on cuts of around 2.3m barrels a day. The next formal OPEC meeting will be in Vienna on March 23." REUTERS: commods.reuters.com "KUWAIT, March 11 (Reuters) - Major Gulf Arab oil exporters are proposing a total OPEC, non-OPEC oil production cut of about 2.3 million barrels per day (bpd) to boost world oil prices, a delegate to just concluded oil talks said on Thursday. "The proposal which is not yet finalized is for an OPEC, non-OPEC cut of about 2.3 million bpd," a delegate to the one-day talks on Wednesday in Saudi Arabia told Reuters, adding that the exact division of cuts among producers was yet to be worked out. The delegate said that the plan includes a proposal for OPEC members Saudi Arabia, Kuwait, United Arab Emirates, Qatar and non-Arab Iran along with non-OPEC Oman sharing a 300,000 bpd cut to resolve a dispute with Tehran over its baseline production level to facilitate the wider two million bpd cut." A 2.3m reduction or anything close to it, will send prices up quickly. A 'source' indicated an agreement may be worked out in Amsterdam - prior to the big meeting. After dropping to $14.54, during the night, from yesterdays NYMEX close of $14.78 crude has since recovered to $14.63. mrci.com Promises to be another interesting day. Some profit taking likely to occur following yesterdays robust activity, possibly, presenting opportunities early in the day to buy on modest dips. Incidentally, Japan's Nikkei Index headed even higher on top of the prior days impressive gains. The new level produced a Point and Figure 'Double Top' formation which is bullish for the index... quote.yahoo.com^n225&d=b SargeK