oil poised for surge to 80 dollars, page-2

"OPEC will cut production by at least 6 million barrels."

I'll believe that only when it happens.

However the current action in the oil market has all the indications of a wash out typical when a severe correction reaches its peak before a bull run resumes.

Growth outside the US, eg China and India, and geo politics mean that the oil price will continue to rise.

Commodity guru Jim Rogers has gone on record as predicting US$200 oil during this commodity cycle - with of course corrections along the way!