28.05.2009 - OPEC gets overexcited
From Forbes: Organization thinks it's time for a sharp spike in oil prices, but that could harm fragile growth. Oil prices seem to be driving in the fast lane even as economic growth remains tenuous. Speaking during the annual ExxonMobil shareholder meeting on Wednesday, Chief Executive Rex Tillerman attributed recent strength in crude prices to market sentiment rather than actual improvement in demand.......Full Article: Source
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