Oil’s Biggest Bounce Since OPEC “But Economy Is Not Strong & Stocks Too High”

by Tyler Durden
ZeroHedge.com
02/03/2015

The bottom-callers are out en masse as crude oil prices head for the 3rd up-day in a row and the biigest bounce since OPEC’s last meeting. Overnight comments from the BP CEO on OPEC “wanting to test the market” and OPEC delegates warnings that this rebound may not be long-lasting,“prices are stabilizing around $40 to $45, but the world economy is not very strong and stocks are too high.’‘ Other OPEC delegates suggested prices will drop to $30-35 before this is over (in the first or second quarter)…

The Rest…HERE

This entry was posted on Tuesday, February 3rd, 2015 at 2:24 pm and is filed under Conspiracy, Economics, Government Evil, New World Order, Oil. You can follow any responses to this entry through the RSS 2.0 feed.