Oil Drops Before OPEC Meeting

In Thursday, oil prices drops below $99/barrel right now amid expectations about it's possible for OPEC (the Organization of Petroleum Exporting Countries) to increase production quotas in this week. With this increasing production might effects oil prices lower to recover economy and stop reducing of oil demand too.

The reason of reductions of global GDP growth forecasts is the high prices of oil and Saudi Arabia (the world's leading oil producer and exporter) plans to increase oil output in order to reduce oil prices between $70-$80/barrel.

Well, if oil prices will drop, stock market will get refresh. Many penny stocks are up too. Let's see more.

Garb-Oil & Power Corp. (OTC:GARB) is up 350 percent. Garb Oil & Power Corporation (GARB) signed a $20 million equity line funding agreement with Evolution Capital.

For The Earth Corp. (OTC:FTEC) are up 13 percent at $0.163. For The Earth Corporation entered into agreement to acquire assets purchasing of Kat Box King, Inc.

Wanderport Corporation (OTC:WDRP) is up 21.28 percent. WDRP announced that it has successfully determined in-house testing for the microwave energy tank-less water.

With the latest jobless claim and penny stocks news, we hope recovering of economy will be better soon.

Source: Human Resource Consulting, otcb boil gas energy small cap penny stocks, Wiki