WTI Crude Crashes To $60 Handle As Saudis Shun Cuts | Zero Hedge.
Brent Crude crossed below $65 for the first time since 2009 this morning and WTI began to slide as inventories showed a bigger-than-expected build. But it was Saudi Arabia’s oil minister al-Naimi who sparked the latest dump:
- *NAIMI SAYS `WHY SHOULD I CUT PRODUCTION’?
And with that WTI plunged to a $60 handle on heavy volume…
For now Russia and Brazil have stabilized their FX somewhat but Mexico is beginning to suffer now among the oil producers…
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