Oil under $37

So muuch for OPEC slashing production. The combination of slumping global demand and swelling U.S. inventories are offsetting the impact of OPEC agreeing to cut output by 2.2 million barrels a day. At last check, crude was trading at $36.27 a barrel, which is only $111 or so less than the price back in July. All of which means still lower gas prices, which is not necessarily great news. (Reuters)