Go ahead OPEC Make My Day! |
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Go ahead, make my day. OPEC calls an emergency OPEC meeting for November 18th hinting that they may cut production and the oil market laughed in their face. Why would the markets take OPEC seriously when the economic dominoes are crashing down around the globe. Some OPEC members are living in a dream world where they think that a production cut at this point might actually matter. The global credit crisis and the global market meltdown will have little sympathy for many OPEC countries that
Filed under: Fundamental
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