GREY:ROAOF - Post by User
Post by
Hqzuj12on Dec 18, 2008 5:54pm
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Post# 15655596
OPEC
OPECOPEC cuts production and the price of oil drops. If they had left it alone, would the price be above $40? When the impact of that cut hits I wouldn't be suprised to see the price of oil shoot back up to $50. The market is reacting negatively because they think there is too much of the stuff. I still see traffic jams on the raods. That means we're still burning the stuff.