~*~Mining and Metals Du Jour~*~

[Phatlander]

Any oil players?
Oil skies 10% as Venezuela reportedly asks for emergency OPEC meeting
http://www.seekingalpha.com/news/2749766

• According to the WSJ, Venezuela is pushing for an emergency OPEC meeting to come up with a plan to combat the rout in oil prices. Any strategy would likely need the cooperation of non-OPEC producers, namely Russia, says one OPEC delegate.
• Russia would like closer ties with OPEC, but to this point hasn't had interest in cutting production to do so.
• OPEC isn't scheduled to meet again until Dec. 4, and has shot down previous requests for an emergency meeting.
• WTI crude oil is higher by 9.4% to $42.23 per barrel. USO +8.3%
• The Energy Select SPDR's (XLE +3.8%) gain this session is more than double that of the S&P 500.
• ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DBO, DWTI, DTO, UGA, USL, DNO, UHN, OLO, SZO, OLEM, XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG, DRIP, GUSH