Friday, 13 March 2009

Vienna Calling – Falco (1985)

It looks like this week is ending on a high note with the bulls still raging down Wall Street for a fourth day now and oil hovering at around $48 as all anticipate this coming Sunday’s OPEC meeting in Vienna when a further cut in production is surely to be announced. The betting could begin with how much a cut it will be given more reports today on the persisting decline in global demand. It should be quite a gathering with a much larger-than-usual Russian delegation planning to show up. Hmm... what could that be about? And will we see $50 a barrel by Monday?

For more perspective, here is a just-released report from the Associated Press.

Jobert E. Abueva

1 comment: