GoFuckYourself.com - Adult Webmaster Forum - View Single Post - OPEC finally trying to talk down oil prices..

marketsmart · 05-08-2008, 08:43 AM

I am sure at the US request...

Here's what is being said:

"no shortage of oil in the market... seeks oil prices that reflect fundamentals.. strives for a stable balanced market..

says spare capacity 3 mill bpd.. some producers unable to find buyers for extra supply.. "

we'll see if this ends up being negative oil/USD supportive... i think it might lower oil for a few days, but i doubt long term since oil is really being driven by the speculators and perceived value of dollar...

05-08-2008, 08:43 AM
marketsmart HOMICIDAL TROLL KILLER Industry Role: Join Date: Dec 2004 Location: Sunnybrook Institution for the Criminally Insane Posts: 20,419	OPEC finally trying to talk down oil prices.. I am sure at the US request... Here's what is being said: "no shortage of oil in the market... seeks oil prices that reflect fundamentals.. strives for a stable balanced market.. says spare capacity 3 mill bpd.. some producers unable to find buyers for extra supply.. " we'll see if this ends up being negative oil/USD supportive... i think it might lower oil for a few days, but i doubt long term since oil is really being driven by the speculators and perceived value of dollar...