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


To: Crimson Ghost who wrote (39725)3/12/1999 10:29:00 AM
From: still learning  Respond to of 95453
 
My sense is that Greenspan's recent warm-hearted comments about inflation being tame, along with some consultation with US Administration, led OPEC to feel now was the time. If ever we could stand a bump in oil prices without disruption it's now when inflation is so moderate. I don't know how far it will go long term, but it looks like a new floor is forming under oil prices.