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Commodities Briefing - Categorized | Market Moves, Oil more

Oil prices: Crude awakening

Posted on 08 October 2010

From Economist.com: The 50th birthday of OPEC in September was accompanied by few celebrations—although philatelists salivating at the prospect of the commemorative stamps issued by the 12 countries in the oil cartel may have held private parties.
Members, always mindful that not everyone is happy with their sway over oil markets, may yet permit themselves some backslapping at a gala dinner at OPEC’s next meeting on October 14th. An organisation dedicated to “the stabilisation of oil markets” and “a steady income to producers” has done a decent job of late……………………………………….Full Article: Source


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VRS - who has written 39837 posts on Opalesque Commodities Briefing.


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