RE:OPEC will cut.daviddo wrote: I really think OPEC will cut. They are causing market instability on propose to make the price rocket after they do. There has been major effort to actually get a cut this time so thinking it actually will.
If Iran freezes, OPEC can still cut, it all comes down to the Saudis and their negotiating ability.. Lets see what happens tomorrow, when we all wake up the oil markets could be entirely different than we see today - up, or they could competely tank.. Its a 50/50 bet Im not willing to take, thats just gambling !! Next day or 2 will be very interesting.