Sell oil, either way it's hanging on the daily and weekly chart.
When they meet in Kuwait Sunday, a handful of OPEC and other oil producers are expected to put a happy face on their production agreement, and they should point to the potential for extending the deal in May. That should help support oil prices, after the recent 10 percent plunge that temporarily took international benchmark Brent crude below the $50 level when investors began to doubt the deal earlier this month. Representatives of the five monitoring countries this weekend are expected to review where producers stand on compliance with the six-month agreement to remove 1.8 million barrels a day from the market. As ... (full story)