This is Speculation 101. A market that does not go up on bullish news, is not bullish.
OPEC never really cuts production ex when they used it as a weapon during the Arab Israeli War.
Besides, who will cut production when they have the world's gaudiest skyscrapers going up?
http://bloomberg.com/apps/news?pid=20601087&sid=ah2rPCVsI1zY&refer=home
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