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

To: Mike from La. who wrote (39959)	3/14/1999 11:47:00 PM
From: The Ox	Read Replies (1) \| Respond to of 95453

decisionpoint.com Interest rates and Oil prices hit recent highs this week but are closing at the lows each day. A sign of topping action. Normally a rise in oil and interest rates stops the market in its tracks however the Dow and S&P indexes are staying ahead of bonds in our ranking and Oil is ranked 15th of 33 despite last weeks strength. Bank stocks continue to climb with Retail and Drugs closing rank. The advance decline line bottomed out on March 3rd. Our volatility measures bottomed out the next day and are holding in bullish territory. In short the market is taking on new leadership and preparing for the next jump up. Oil Service OSX- Took over the number one rank this week. At least this sector has real earnings. Oil prices still hold the key to this sector. If Oil fizzles these stocks will pull back in price. We will evaluate them at that time. Natural Gas XNG- Number two in rank as snow hits the East Coast. The snow will be gone by Monday. Gas stocks may melt as well. The above makes an assumption that oil prices "will pull back". If oil prices stabilize above $14, I think this sector will continue to trend higher as more "skeptics" become convinced. As always, so much depends upon the final result of the OPEC meeting and the perception they give to the market. There have always been cheaters and there probably always will be but the key is the supply/demand ratio. It's been a very long time since the OSX was the #1 sector in the market! Will everyone's oil portfolios continue to trend higher this week?

To: Mike from La. who wrote (39959)	3/15/1999 6:28:00 AM
From: diana g	Respond to of 95453

Crude Oil Gains as OPEC Members Signal Support for Output Cuts -- (Bloomberg) bloomberg.com Energy News Mon, 15 Mar 1999, 6:24am EST Crude Oil Gains as OPEC Members Signal Support for Output Cuts London, March 15 (Bloomberg) -- Crude oil rose more than 1 percent after Kuwait and Qatar said they would cut output along with other OPEC members, signaling widening support for a plan to idle production and support prices. Qatar said it intends to slash output by 47,000 barrels a day from next month, a day after Kuwait said it will pare daily production by 144,000 barrels. The announcements will bring the two countries into line with a plan to cut 2.7 percent of world supply outlined by Saudi Arabia, the world's largest oil producer, and other exporters last week. ''These announcements are certainly a help,'' said Leslie Nicholas, an analyst at GNI Ltd. in London. ''It looks good so far -- any negative statements would have been very bad news.'' Brent crude oil for April delivery on the International Petroleum Exchange rose as much as 14 cents to $12.70 a barrel. On Friday, prices touched $13.19 a barrel, the highest in more than four months. On the New York Mercantile Exchange, April crude oil gained as much as 19 cents from Friday's close to $14.68 a barrel in electronic trading. Though an agreement reached last week in the Netherlands to make cuts won't be final until the Organization of Petroleum Exporting Countries meets March 23, the plan is gaining support, traders said. The plan to slash production was assembled by Saudi Arabia, Iran, Venezuela, Mexico and Algeria during two days of talks. This round of cuts is the third undertaken in the past year by OPEC and nations outside the group. ''The focus is still on OPEC,'' said Philip Oxley, an oil trader at Credit Lyonnais Rouse Ltd. ''Now we have to wait and see what else comes of the cuts on the 23rd.''

To: Mike from La. who wrote (39959)	3/15/1999 7:16:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

"Asia wonders: Is Japan's economy finally recovering? " Japan's Nikkei Index says yes! Nikkei 15779.60 up 290.74 quote.yahoo.com^n225&d=b The index has recovered 20.24% since last October Crude: Brent $12.81 up .21 Crude $14.70 up .21 mrci.com Promises to be another interesting day. OSX penetration of the '63' resistance barrier should be a cake walk. K