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

Tuesday, February 3, 2015
By Paul Martin

by Tyler Durden

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)…

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