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To: Money Maker (MM) who wrote (40)3/12/1999 1:23:00 PM
From: Money Maker (MM)  Read Replies (2) | Respond to of 497
 
Key oil producers confirm to cut more than 2 mln bpd.
Adrian Lajous, chief chief executive Mexico's state oil company PEMEX, said this agreement could take oil back to $18.00 per barrel range this year. Saudi's source put $17-19 on Q3 this year.
This is absolutely a nightmare for US economy growth. Our growth will become slower than expected. Inflation is not good for stock. DOW will go down significantly.

Higher oil price is bad for Japan economy recovering.
I am expecting Nikkei will drop significantly next week.
SNE will drop below $90, next week.

JMO

MM