Oil being stable at $50

[Luckyfish]

OPEC including Saudi Arabia and Kuwait have made clear they will tolerate $50 a barrel to help pull the world from recession

Middle East energy ministers may agree this weekend that letting oil prices rise eventually in order to stimulate investment is just as vital as keeping crude at $50 for now to aid the ailing world economy.

[Lolly]

Finally someone is taking the initiative! It is great to see many countries working together to make out world stronger in these tough times.

[Reealjrd]

It took only 5 months for the price of oil to plummet from $150 to under $40 in the second part of the year. As we enter 2009 the oil landscape has reversed dramatically from a year ago. The price of oil is lower than production costs and new exploration projects are being canceled. It's a matter of when not if the economy recovers and when it does, expect a strong bounce back in the price of oil.

[84amy]

The higher oil prices will prompt the investors to not see gold as a safe asset against the inflationary pressures.

[EvElyN]

Yesterday, the US weekly crude inventories registered a decline for the third week, a drop of 3.8 million barrels.

[forexguide]

That is a very nice move.. That is one of the thing we must take action.
There were so many things that we should have take serious attention and one of it is the global recession.