Oil doesn’t belong at $83 and won’t stay there for long, MBF's Mark Fisher believes:...

|By:, SA News Editor
Oil doesn’t belong at $83 and won’t stay there for long, MBF's Mark Fisher believes: “Either it goes back to $100 or it drops to $65, but we’re not staying here." Oil's decline largely has been orchestrated by Saudi Arabia, he says, adding that "historically, the first move oil makes out of the OPEC [meeting] is the wrong move"; the bigger move will be in the other direction.