Replies to post #3186 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Dobie Lama]

Not so fast:

Feb 23 2015, 14:19 ET | By: Carl Surran, SA News Editor


Crude oil briefly turned positive following an FT report that OPEC could hold an emergency meeting if prices continue to slide, which would be a sign of the group's growing alarm over the impact of cheaper oil on their economies.
The oil minister of OPEC member Nigeria said the group had discussed the prospect of holding a meeting, according to the report.