Oil Tumbles To $44 Handle After Saudis Confirm “No Decision” Next Week, Fed Crackdown On Bank Commodity Holdings

Friday, September 23, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Sep 23, 2016

We hinted earlier and now Saudi Arabia has confirmed that it “doesn’t expect any decision” next week when oil producers meet in Algiers. Oil’s reaction was swift with WTI tumbling to a $44 handle very quickly. Losses extended when The Fed confirmed its crackdown on bank commodity holdings.

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