OPEC needs to increase production to improve sentiment in the market.
More Quotes from Richard Savage:
We need confirmation that demand growth has stalled to move prices lower. If the demand situation looks as though it's getting worse, there will be an outflow of money from energy.Richard Savage
As we move through the winter, prices will fall below US50 and prices could average in the US40s in 2006. Investors think prices will stabilize and that will dampen enthusiasm.
Richard Savage
When anger rushes, unrestrained, to action.
Richard Savage
When anger rushes unrestrained to action, like a hot steed, it stumbles on its way. The man of thought strikes deepest and strikes safely.
Richard Savage
He lives to build, not boast, a generous race; No tenth transmitter of a foolish face.
Richard Savage
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