Crude Tumbles Into Red After Putin Comments

Tuesday, March 1, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/01/2016

With overnight weakness in data sparking hype that moar stimulus is coming, and therefore juicing demand for oil, crude prices spurted above $34.50 this morning (after the NYMEX close banging yesterday). However, the last few minutes have seen the machine slam WTI back into the red after Putin said he would ask Russian oil producers if they will freeze production (at record levels).

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