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not cutting is bullish...they wouldn't cut unless they thought the price would keep dropping...you can go back and look at every meeting...a cut would have been very bearish...
Oil will go nowhere, IMHO, until US election is over, that's how I have bet and so far, so good
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not cutting is bullish...they wouldn't
OPEC considers cutting oil production
Posted by jbarry on 9th of Sep 2008 at 12:13 pm
not cutting is bullish...they wouldn't cut unless they thought the price would keep dropping...you can go back and look at every meeting...a cut would have been very bearish...
Oil will go nowhere, IMHO,
Posted by dallahoo on 9th of Sep 2008 at 12:18 pm
Oil will go nowhere, IMHO, until US election is over, that's how I have bet and so far, so good