Summary
Saudi Arabia can or is no longer willing to sustain low crude oil prices.
Last round of public sector benefit cuts and large budget deficits indicate that the country is losing the oil war.
OPEC's decision to curtail production is a big win for U.S. shale oil companies.
I think oil can hit $60 in the next couple of months. Here are my two top bets for rising oil.
Last week, the Organization of Petroleum Exporting Countries (OPEC) delivered a major surprise to world energy markets. The organization, which has earned a reputation for ineffective decision-making (and some would say for paralyzing itself, too) has agreed to curtail production in November in a bid to support crude oil prices.
