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Crude Slides After Saudis Suggest Oil Stabilizes Around $60 | Zero Hedge

Crude Slides After Saudis Suggest Oil Stabilizes Around $60 | Zero Hedge.

Just when industry experts were eying zee stabilittee in oil prices in the last 12 hours, this happens…

*SAUDI ARABIA SAID TO SEE OIL AROUND $60/BARREL: WSJ

And crude oil prices begin to dip once again.

As The Wall Street Journal reports,

Oil may stabilize around $60/barrel, WSJ reports, citing unidentified people familiar.

Suggests Saudis won’t push for supply cuts in near-term, even if oil prices fall further

*  *  *

And the reraction…

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