{"id":1058,"date":"2014-11-03T19:41:59","date_gmt":"2014-11-04T00:41:59","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1058"},"modified":"2014-11-03T19:41:59","modified_gmt":"2014-11-04T00:41:59","slug":"wti-tumbles-to-29-month-lows-after-saudi-price-cut-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1058","title":{"rendered":"WTI Tumbles To 29-Month Lows After Saudi Price Cut | Zero Hedge"},"content":{"rendered":"

WTI Tumbles To 29-Month Lows After Saudi Price Cut | Zero Hedge<\/a>.<\/p>\n

After initially jerking higher after Saudi Arabia released its new ‘lower-prices-for-the-US’ strategy<\/a>, it appears the market began to realize that in fact –\u00a0as we warned –\u00a0<\/a>Saudi Arabia may be willing to accept prices “lower for longer.”<\/a>\u00a0<\/strong>WTI futures are trading below $78.50 – the lowest since June 2012 (and its dragging Trannies lower today)…<\/p>\n

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As Bloomberg reports,<\/a>\u00a0confirming our note over the weekend<\/a>,<\/p>\n

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Saudi Arabia, the world\u2019s biggest oil exporter, is telling the market it won\u2019t cut output to lift crude back to $100 a barrel and that prices must fall further before it does so, according to consultant FACTS Global Energy.<\/strong><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

WTI Tumbles To 29-Month Lows After Saudi Price Cut | Zero Hedge. After initially jerking higher after Saudi Arabia released its new ‘lower-prices-for-the-US’ strategy, it appears the market began to realize that in fact –\u00a0as we warned –\u00a0Saudi Arabia may be willing to accept prices “lower for longer.”\u00a0WTI futures are trading below $78.50 – the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[592,595,701],"class_list":["post-1058","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price","tag-oil-production","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1058"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1058\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}