Page added on July 24, 2007
The sentiment was almost touching. OPEC is concerned about us and our economic well being. Doesn
Still oil is getting close to its seasonal peak. Oil prices are vulnerable to big correction in August and perhaps the OPEC change of heart may cause some of the speculative longs to take some profits. Without any hurricanes and oil close to fulfilling some technical measurements, we have to be on guard for an intermediate top.
OPEC does have a point. The world has not really been hurt by any great measure with high oil prices and brings to light that
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