The Organization of Petroleum Exporting Countries is bracing for a sharp drop inConsidering the current high correlation between oil and stock prices it will be curious to see if/when oil prices drop how much of an affect it will have on stock prices.
crude prices in coming weeks, as huge reserves of oil-based fuels continue to
pile up and the space to store them runs out.
Friday, July 24, 2009
Oil in storage -- Someone else is noticing
The WSJ must be reading my blog already :) WSJ:OPEC Braces for Decline in Crude Prices