It appears the entire headline-hockey debacle was a farce: SAUDI ARABIA, IRAN MADE NO PROPOSALS DURING MEETING: ZANGANEH
Just minutes before, we got this…
- *U.A.E. `OPTIMISTIC’ ABOUT REACHING OIL DEAL, MAZROUEI SAYS
- *UAE: GREAT IF WE CAN GET FREEZE; MKT WILL STILL RECOVER IF NOT
- *UAE: NOT DISCUSSING ANY ALLOWANCES FOR MEMBERS TO RAISE OUTPUT
Which Iranian Oil Minister Zanganeh rebuffed:
- *SAUDI ARABIA, IRAN MADE NO PROPOSALS DURING MEETING: ZANGANEH
So no deal… no discussion… no negotiation.
In fact it appears the entire debacle was played out for the media (and short-squeeze).
via http://ift.tt/2d3DfvS Tyler Durden