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WTI Crude Jumps As Saudi Oil Minister Meets With Russian, Finnish, And Norwegian Ambassadors

The Swiss-Franc-inspired spike in crude oil (crazy but true) as Europe opened has seen its highs broken as WTI Crude tests $46 once again following reports of Saudi Oil Minister Ali Al-Naimi meeting with Rolf Willy Hansen - ambassador of Norway, Oleg Ozerov - ambassador of Russia, and Pekka Voutilainen, ambassador of Finland; to discuss "market stability." Why would that spike oil prices? Because the three are plotting the final destruction of US shale... just as Obama makes an appearance at Abdullah's funeral?

 

"Stability"

 

oh and this...seriously!! Everything correlated.. and nothing fundamentally based.

 

Charts: Bloomberg