Oil Rising Again
It's a quiet day on global markets without the US to drive it, but the Associated Press tells us...
SINGAPORE (AP) -- Oil prices rose above $53 a barrel Monday amid reports that OPEC may hold an emergency meeting to try to reverse the 13 percent plunge in oil prices this year.
XX My take -- OPEC hasn't even enforced its last cuts. Let's see it do that, then we can talk about new cuts having an effect on the market.
SINGAPORE (AP) -- Oil prices rose above $53 a barrel Monday amid reports that OPEC may hold an emergency meeting to try to reverse the 13 percent plunge in oil prices this year.
XX My take -- OPEC hasn't even enforced its last cuts. Let's see it do that, then we can talk about new cuts having an effect on the market.
Check out my new gold and energy blog at MoneyAndMarkets.com
posted by Sean Brodrick @ 9:50 AM
<< Home