Oil Slammed Lower After Saudi Threatens To Ramp Up Supply

by Tyler Durden
ZeroHedge.com
Nov 4, 2016

Follow OPEC’s blame-mongering statement earlier today -“observers should not be quick to judge or criticize” the organization – it appears mutiny is occurring within the cartel as OPEC sources report Saudi Arabia threatening to “steeply raise” output following Iran’s refusal to cap output. WTI is tumbling on the news, testing towards a $43 handle.

The Rest…HERE

This entry was posted on Friday, November 4th, 2016 at 10:17 am and is filed under Economics, Oil, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.