Coming on the heels of numerous reports on falling gas prices, OPEC has started talking about cutting output. After all, crude prices have fallen below $60/barrel for the first time in six months, and much of the world has shown a complete willingness to pay the higher prices that we’ve been faced with, so why not? In other news, now looks to be a particularly good time to start investing in barrels. Buy low, sell high.
[Source: Financial Times]