Slugcatcher places bet on OPEC cut

OIL as a sport is a novel concept but as Slugcatcher was digesting the latest reports about the likely outcome of Wednesday’s OPEC meeting he couldn’t avoid seeing it as a boxing match with supply in the blue corner, demand in the red and bankers taking bets on the side.

Slugcatcher places bet on OPEC cut Slugcatcher places bet on OPEC cut Slugcatcher places bet on OPEC cut Slugcatcher places bet on OPEC cut Slugcatcher places bet on OPEC cut
What's attracting the money of investors - let's be honest and call them speculators - is the simplicity of the contest.
 
Either a deal will be reached by members of the Organisation of Petroleum Exporting Countries to cut somewhere between 500,000 and one million barrels of oil a day, or it won't.
 
The result of that decision is equally straight forward. A cut could see that price of oil rise as high as $US55 a barrel. No cut could see oil fall to around $US35/bbl.
 
Last week, as interest in the OPEC meeting grew, it was almost possible to sense the flow of money in the same way betting fever builds in the lead up to any big sporting event.
 
The best example in A...