Just when industry experts were eying zee stabilittee in oil prices in the last 12 hours, this happens…
*SAUDI ARABIA SAID TO SEE OIL AROUND $60/BARREL: WSJ
And crude oil prices begin to dip once again.
As The Wall Street Journal reports,
Oil may stabilize around $60/barrel, WSJ reports, citing unidentified people familiar.
Suggests Saudis won’t push for supply cuts in near-term, even if oil prices fall further
* * *
And the reraction…
via Zero Hedge //feedproxy.google.com/~r/zerohedge/feed/~3/Yu73Cri-HDE/story01.htm Tyler Durden