Looks like the OPEC Emergency Meeting today put its weigh on the market as Oil dropped below the highs of 2005 and is less than $8 away from 2007 lows: currently at $63.18. Wow, it just doesn’t want to stop!Two months ago we would have laughed at anyone saying we’ll see $50 per barrel, now it’s getting more and more real every day…

Tags: opec

This entry was posted on Friday, October 24th, 2008 at 09:20 and is filed under Oil . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.