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Commodities Briefing - Categorized | Oil, Regulatory more

OPEC loses its muscle

Posted on 22 December 2008

From Businessweek.com: Despite its bluster about cutting production, the cartel has been unable to marshal its members to halt oil’s sliding price.

Why is OPEC’s reputation taking such a hit? The market views it as having let things get out of control when prices were surging. Now the cartel can’t seem to contain a downward slide, either….. Full Article: Source


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This post was written by:

VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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