"OPEC won't cut output as long as crude remains above $60 a barrel, said Morgan Downey...."They've taken more oil off the market than demand has fallen," he said. "It's just a matter of time before we see higher prices."
Wednesday, May 27, 2009
OPEC oil ministers are meeting in Vienna tomorrow (Thursday May 28, 2009). Ahead of the meeting the Wall Street Journal quoted me: