David - as you know, sometimes the market exhibits very unusual behavior.

For example, Israel recently directed war tests against Iran and the crude oil market did an abrupt turnaround in one day - rocketing the prices of crude back upwards from the previous days low.

Most logical people would assume upon hearing this news that in reality, this was only a 'test' and probably has no 'real' implications. However, the market moved in a nanosecond at this announcement.

Anyways - that's neither here nor now - but just used as an example.

Today, June 22, 2008 - OPEC and Saudi Arabia had a meeting regarding the increase of oil production. Their answer to increased prices was that the problem didn't lie in their hands, but mostly upon speculators and taxes. The agreed to a slight increase in oil production.

How am I supposed to take the news come tomorrow? Will oil prices continue to increase as investors 'shrug off' this release as inconsequential or will the market turn slightly around based upon this news?