Oil Tumbles Under $30 As Iran Refuses Doha Proposal, Goldman Warns “Freeze Doesn’t Help”

by Tyler Durden
ZeroHedge.com
02/17/2016

Oil prices limped higher overnight in their ubiquitous carry-driven way, only to tumble quickly this morning as the reality that, as Goldman says “at record levels, this production freeze doesn’t help at all”) and clear indications from the meetings in Tehran that Iran will do ‘whatever it takes’ to increase its production to pre-sanctions levels. WTI is back below $30.

The Rest…HERE

This entry was posted on Wednesday, February 17th, 2016 at 1:02 pm and is filed under Economics, Oil, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.