Tom Rants Default OPEC postpones quota hikes and oil prices fall

OPEC postpones quota hikes and oil prices fall

Oil prices fell below $50 barrel for the first time in months on news that OPEC
“will postpone a formal rise in production quotas until a June meeting…”

Maybe if we could convince OPEC to just stop pumping for a few days we could pay a quarter a gallon for gas again. Well, okay, I guess not since the taxes are about twice that.

More on oil on my site Financial Options including The Secret Way to Play Oil.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: