OPEC will step in if oil price hits 100 dollars: Kuwait

OPEC will step in if oil price hits 100 dollars: Kuwait

Don't make too much of this. I'm not a market expert but its going to be a little while before oil hits $100. Won't be a long while, but it will be a little bit. Also, Kuwait is just one nation in a cartel of more than a dozen nations. It remains to be seen if other OPEC members would be on board with this proposal.