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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 legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.
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