If you take the adjustment back out it was 86 and that is closer to what was expected but does not account for the bullishness. I think the Bulls just sniffed a Heifer and got excited. Lol.
If Opec did that now and prices go up for any length of time they would loose market share to Iran and even more cash flow to a drop in demand, now that O-sqama supposedly has his votes.
Looking at todays chart I see the first half of a Head and Shoulders. If it completes tomorrow and follows thru on down Friday Oil could break $40 again.
I forgot to mention we are in Fla. and he was raised here so the heat really gets him. He cant stay out side much at all this time of year.
I just read you reply to Billy about Having MS. MY son about to be 34 was diagnosed with it about 7 years ago. He has already tried most of the high dollar drugs and they just made things worse. All the injection ones caused immediate reactions. He has stopped all drugs and is concentrating on diet now.
One of the drugs had him in a wheel chair for a while, until he stopped it.
IF you have any info/advice to exchange you can contact me at Yahoo.C.
"Oil futures soared Thursday, with U.S. prices jumping more than 10% on a report that Venezuela has asked the Organization of the Petroleum Exporting Countries to hold an emergency meeting. Venezuela has also asked OPEC to consider a coordination with non-OPEC Russia to discuss a strategy to stem the recent rout in oil prices, The Wall Street Journal reported, citing people familiar with the matter. Oct. crude CLZ5, +10.37% rose $3.96, or 10.3%, to settle at $42.56 a barrel on the New York Mercantile Exchange. The WSJ report came out in the minutes ahead of the Nymex settlement. Oil prices were already climbing on the heels of a stock-market rally and upbeat U.S. economic data."