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To: E. Graphs who wrote (1049)3/13/1999 12:23:00 PM
From: Wolf 2  Read Replies (1) | Respond to of 1622
 
E!:

re: Importance of March 23rd

That is merely the 'official' OPEC meeting date at which participants will reveal the agreed cuts. As always, though, there is plenty of saber-rattling for the benefit of the world media before that.

The rumoured cuts to date have ranged between an additional 1-3 million bpd while the reactions (reflected in both crude and oil stock prices) have been in turn euphoric and skeptical.

That 'missing world inventory' boogeyman has also been resurrected except that the # has gone up from 300 mill to 700 mill barrels.

In short, anything can happen! Caveat Emptor.

Wolf (still searching for the 'easy road to riches')