| From Nasdaq.com: While the decline in oil prices to $70 a barrel has been good for drivers, if prices head any lower, it may attract the attention of OPEC. On the other hand, if OPEC tightens supplies, it could attract the attention of exchange traded fund (ETF) investors.
Analysts say that if oil hits $65 or less, OPEC says it will attract their attention. That’s not the lowest price OPEC would be comfortable with, but it’s a price at which they would begin to watch closely, report Fiona MacDonald and Anthony DiPaola for Bloomberg. For today, at least, oil prices are holding their own and are up 3% so far on a positive durable goods orders report..............................................Full Article: Source
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