{"id":17669,"date":"2016-02-11T14:54:40","date_gmt":"2016-02-11T19:54:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17669"},"modified":"2016-02-11T14:54:40","modified_gmt":"2016-02-11T19:54:40","slug":"moments-after-oil-crashes-to-12-year-lows-opec-headline-sends-it-surging-again","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17669","title":{"rendered":"Moments After Oil Crashes To 12 Year Lows, &#8220;OPEC Headline&#8221; Sends It Surging Again"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-02-11\/oil-crashes-12-year-lows-biggest-drop-lehman\" target=\"_blank\">Moments After Oil Crashes To 12 Year Lows, &#8220;OPEC Headline&#8221; Sends It Surging Again<\/a><\/h3>\n<div class=\"tabs\"><\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p>Seconds after Oil hit the lows and NYMEX closed &#8211; and S&amp;P broke the critical 1812 level, this hit:<\/p>\n<ul>\n<li><strong>*OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ<\/strong><\/li>\n<\/ul>\n<p>Here is the source:<\/p>\n<hr \/>\n<div class=\"Tweet-header u-cf\">\n<div class=\"TweetAuthor\" data-scribe=\"component:author\"><a class=\"TweetAuthor-link Identity u-linkBlend\" href=\"https:\/\/twitter.com\/summer_said?ref_src=twsrc%5Etfw\" data-scribe=\"element:user_link\" data-url-refsrc-injected=\"true\"><span class=\"TweetAuthor-avatar Identity-avatar\"><img decoding=\"async\" class=\"Avatar\" src=\"https:\/\/pbs.twimg.com\/profile_images\/618934492703629312\/K8715h1h_normal.jpg\" alt=\"\" data-scribe=\"element:avatar\" data-src-2x=\"https:\/\/pbs.twimg.com\/profile_images\/618934492703629312\/K8715h1h_bigger.jpg\" data-src-1x=\"https:\/\/pbs.twimg.com\/profile_images\/618934492703629312\/K8715h1h_normal.jpg\" \/><\/span><span class=\"TweetAuthor-name Identity-name customisable-highlight\" title=\"Summer Said\" data-scribe=\"element:name\">Summer Said<\/span>\u00a0<\/a><\/p>\n<div class=\"Icon Icon--verified \" title=\"Verified Account\"><\/div>\n<p><a class=\"TweetAuthor-link Identity u-linkBlend\" href=\"https:\/\/twitter.com\/summer_said?ref_src=twsrc%5Etfw\" data-scribe=\"element:user_link\" data-url-refsrc-injected=\"true\"><span class=\"TweetAuthor-verifiedBadge\" data-scribe=\"element:verified_badge\"><span class=\"u-hiddenVisually\">\u2714<\/span><\/span><span class=\"TweetAuthor-screenName Identity-screenName\" title=\"@summer_said\" data-scribe=\"element:screen_name\">@summer_said<\/span><\/a><\/div>\n<\/div>\n<div class=\"Tweet-body e-entry-content\" data-scribe=\"component:tweet\">\n<p class=\"Tweet-text e-entry-title\" dir=\"ltr\" lang=\"en\">OPEC is ready to cooperate on a cut, but current prices are already forcing non-opec producers to at least cap output,\u00a0says UAE Energy min<\/p>\n<div class=\"Tweet-metadata dateline\"><a class=\"u-linkBlend u-url customisable-highlight long-permalink\" href=\"https:\/\/twitter.com\/summer_said\/status\/697865602036211712\" data-datetime=\"2016-02-11T19:31:39+0000\" data-scribe=\"element:full_timestamp\">2:31 PM &#8211; 11 Feb 2016<\/a>\u00a0\u00b7\u00a0<a class=\"u-linkBlend customisable-highlight\" href=\"https:\/\/twitter.com\/search?q=place%3A001907e868d06e24\">Dubai, United Arab Emirates, \u0627\u0644\u0627\u0645\u0627\u0631\u0627\u062a \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629<\/a><\/div>\n<div class=\"Tweet-metadata dateline\">\n<hr \/>\n<p>And the reaction&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/11\/20160211_WTI1_1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/11\/20160211_WTI1_1_0.jpg\" alt=\"\" width=\"600\" height=\"557\" \/><\/a><\/p>\n<p>The last time front-month crude oil traded at these levels (<strong>$26.12<\/strong>) was May 2003 as WTI Crude has collapsed over 22% in the last 2 weeks &#8211; the biggest drop since Lehman in 2008. Goldman&#8217;s &#8220;teens&#8221; are getting closer&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/11\/20160211_WTI.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/02\/11\/20160211_WTI_0.jpg\" alt=\"\" width=\"600\" height=\"300\" \/><\/a><\/p>\n<p>With credit risk already at record highs &#8211; and getting higher &#8211; we suspect the moment of Chapter 7 truth is getting closer.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Moments After Oil Crashes To 12 Year Lows, &#8220;OPEC Headline&#8221; Sends It Surging Again Seconds after Oil hit the lows and NYMEX closed &#8211; and S&amp;P broke the critical 1812 level, this hit: *OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ Here is the source: Summer Said\u00a0 \u2714@summer_said OPEC is ready to [&hellip;]<\/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":[4333,184,6654,7572,1775,600,12269,4318],"class_list":["post-17669","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude","tag-crude-oil","tag-lehman","tag-nymex","tag-oil-price-collapse","tag-opec","tag-summer-said","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17669","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=17669"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17669\/revisions"}],"predecessor-version":[{"id":17670,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17669\/revisions\/17670"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}