The crystal ball gazers are at it again, trying to divine the direction of oil prices in 1993. Kidder Peabody, New York, says if OPEC cuts production by even 1 million b/d vs. the promised 1.7 million b/d for a quarter, WTI will touch $24/bbl. OPEC production for March may be down by 1 million b/d, claims Petrologistics, Geneva. It estimated OPEC's output cut the first week of March at a surprising 2 million b/d, to 23.4 million b/d-when WTI and Brent reached 5 month highs.

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