Oil Plunges Under $45 – Near Saudi-Short-Squeeze-Lows

Wednesday, August 31, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 31, 2016

After the biggest short squeeze in history – thanks to a well-placed and entirely useless Saudi statement about OPEC freeze discussions – oil prices have slipped notably – now back below $45 once again…

As we said before – the short-squeeze ammo has run out – and record gluts, record production, and slumping demand realities are biting.

Chart…HERE

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