Comments on: World Stocks Rise in Thin Trade, Bond Yields Fall http://www.contrarianprofits.com/articles/world-stocks-rise-in-thin-trade-bond-yields-fall/9299 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 18 May 2010 05:09:46 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: William Davies http://www.contrarianprofits.com/articles/world-stocks-rise-in-thin-trade-bond-yields-fall/9299/comment-page-1#comment-7719 William Davies Mon, 01 Dec 2008 07:29:37 +0000 http://www.contrarianprofits.com/?p=9299#comment-7719 The refusal of the OPEC meeting in Cairo over the weekend to further reduce crude oil production as many members such as Iran and Libya had been calling for, seems to have been received badly in the oil markets. It seems that with global economic activity weakening further, demand is likely to continue falling. Some analysts now reckon that only a signifcant output reduction, perhaps up to 5 million barrels per day, can shift the crude oil price higher. King Abdullah of Saudi Arabia has called for the oil price to be above $75 per barrel. Let's wait until the Algeria meeting of OPEC later this month to see if they make a decisive cut. The refusal of the OPEC meeting in Cairo over the weekend to further reduce crude oil production as many members such as Iran and Libya had been calling for, seems to have been received badly in the oil markets.

It seems that with global economic activity weakening further, demand is likely to continue falling. Some analysts now reckon that only a signifcant output reduction, perhaps up to 5 million barrels per day, can shift the crude oil price higher.

King Abdullah of Saudi Arabia has called for the oil price to be above $75 per barrel. Let's wait until the Algeria meeting of OPEC later this month to see if they make a decisive cut.

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