Bizzaro worldSo OPEC is going to increse supply as we are running short on oil. I agree with this as the charts say that oil inventories are way down. The problem why this is Bizzaro is that the price of oil is already below where OPEC countries would like to have it. So they will increase supply to drive the price lower?
For me either a backroom deal has been made or the WSJ is playing games with unnamed sources. Drive the price down so certain people can get in at a bargain before reality sets in.
Never a dull moment that's for sure.