Crude Falls as Traders Shorten Up

"Oil prices dropped Friday as traders exited long positions ahead of the weekend. OPEC is scheduled to meet in Vienna on Monday to decide whether it will increase its formal production quotas by 500,000 barrels a day. Crude for October delivery closed down $1.75 to $63 a barrel on Nymex. Gasoline futures dropped 11 cents, or 6%, to $1.78 a gallon. "

[The Street]

Time to take a position in crude at this discount price.