Why does the market act on an opinion & not fact. First, Iran has a major production problem, 2nd, the smaller oil producers in OPEC are losing their shirts, only the Saudis are making money & can sustain long term. The smaller guys are the ones pushing for the meeting.
are you on drugs? if oil goes that low there will be complete shut down of all process operations & that big Ford truck that you bought will have to be pushed down the road or you'll be sitting in the driver's seat in your garage making engine revving noises.