Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (15905)	2/12/2016 5:51:34 PM
From: Goose94	Read Replies (2) \| Respond to of 203728

OPEC rumours. Late Thursday and into Friday, oil prices erased some of their losses on yet another round of rumors about an emergency OPEC meeting. UAE’s energy minister said that OPEC was ready to negotiate. Still, he asserted that the market was taking care of the oil glut by capping production from higher-cost producers. It was unclear if the minister’s comments marked a new commitment from the oil cartel, or if he was reiterating the group’s previously held position. The markets traded up on the news, but as we have noted before, it is better not to trust the OPEC rumours until an actual emergency meeting is announced. bloomberg.com