Tuesday, May 18, 2010

OPEC Will Defend Oil at Mid-$60s

OPEC is likely to intervene to stop oil prices from falling to the mid-$60s, believes John Licata, chief commodity strategist at Blue Phoenix and editor of the Commodity Chronicles. He talks commodities, with guest host, Tony Morriss of ANZ, CNBC\'s Oriel Morrison & Sri Jegarajah.












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