Monday, 23 November 2015

Saudi Statement Offers Another Opportunity To Short Oil

Today's action via FinViz:


$41.50, last.
And from ZeroHedge:

Oil Tumbles Back Into Red As Saudi "Whatever It Takes" Jawboning Is Not Enough

Just 2 hours after news broke of Saudi officials discussing the need to do "whatever it takes" to stabilize the oil market - sending crude soaring - half the gains are gone. With the algos tagging Friday's highs, WTI Crude has tumbled back into the red

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