The comments from OPEC officials are taking some of the froth off last week's rally. It looks like OPEC is set to roll over the existing production quota at the meeting this week.

Still, brimming stocks should keep any rally in check, late week cold notwithstanding.

The dollar's a little weaker because Miyazawa retracted some of his comments, indicating there may be a need for foreign exchange intervention.

The dollar's a little weaker because Miyazawa retracted some of his comments, indicating there may be a need for foreign exchange intervention,

The lack of follow through buying to yesterday's brief rally emphasizes that participants have momentarily refocused on fundamentals.

The market had become grossly oversold by last Thursday, so that had to be worked out. And it looks like cold (at least seasonable readings) are going to continue, at least through next weekend.