Another Production Cut by OPEC May Not Be Enough to Support Prices

The worsening global recession is leading to fear of less demand for crude oil. The market seems to think that another cut by OPEC in the middle of this month will not be enough to turn this market higher. Look for selling to come in on any rally.

 del.icio.us  Stumbleupon  Technorati  Digg 

Posted by James A. Hyerczyk at Tuesday, March 03, 2009 7:04 AM
Categories: Energies
Tags: Heating Oil Crude Oil Natural Gas
 

What did you think of this article?




Trackbacks
Trackback specific URL for this entry
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.