Monday, November 25, 2013

Oil Prices: OPEC Will Have To Do Something

"Somewhere the OPEC will gather and say we have got to do something, because all of OPEC have not had great oil prices for a few years now. They have not cut back their spending and they are all spending a lot of money, so they need to keep the price up." - Money Control 

Related trading instruments: United States Oil Fund (USO), Nymex Crude Oil Futures (CL Futures), Energy Select Sector SPDR ETF (XLE)

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).