GREY:LSTMF - Post by User
Post by
bushhog1on Dec 16, 2015 6:17am
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Post# 24387416
Financial Post - OPEC crisis meeting looms
Financial Post - OPEC crisis meeting looms"The OPEC oil cartel will be forced to call an emergency meeting within weeks to stabilize the market if crude prices fail to rebound after crashing to eight-year lows of $35 a barrel, two member states have warned.
The oil market is now in the grip of speculative forces as hedge funds take out record short positions and exchange traded funds liquidate paper holdings, making it extremely hard to read the underlying conditions."
https://business.financialpost.com/news/energy/opec-crisis-meeting-looms-as-oil-plunges-to-35-and-nerves-begin-to-fray?__lsa=0c58-6fa5