smurphny

Expect OPEC to Cut Production

OPEC will "announce" cuts that never happen. and that no one who matters takes seriously...as usual. The price of crude will fluctuate a little and then continue on down because anyone who trades this commodity KNOWS OPEC is too diverse, political, and dysfunctional. Sell oil plays on this rumor (probably tomorrow) because oil is still rapidly heading south to the $20s before finally stabilizing at about $45 IMO.