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WTI Nears $41 Handle After Saudi Comments

WTI is now down over $2 from the massive API inventory build last nihgt and is testing down to a $41 handle. The latest leg is not halped by Saudi officials' comments that it "will not interfere with the oil market," and that "the oil market will fix itself," as they continue the line taken at the last OPEC meeting and pressure US Shale even further.

 

  • *SAUDI ARABIA WON'T SOON INTERFERE IN OIL MARKET: PRINCE TURKI
  • *OIL MARKET WILL FIX ITSELF: SAUDI ARABIA'S PRINCE TURKI
  • *SAUDIS WILL CONTINUE LINE TAKEN AT OPEC MEETING: PRINCE TURKI