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

Wednesday, February 17, 2016
By Paul Martin

by Tyler Durden

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.

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