{"id":2733,"date":"2014-12-10T12:04:15","date_gmt":"2014-12-10T17:04:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2733"},"modified":"2014-12-10T12:04:15","modified_gmt":"2014-12-10T17:04:15","slug":"wti-crude-crashes-to-60-handle-as-saudis-shun-cuts-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2733","title":{"rendered":"WTI Crude Crashes To $60 Handle As Saudis Shun Cuts | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-12-10\/wti-crude-crashes-60-handle-saudis-shun-cuts\">WTI Crude Crashes To $60 Handle As Saudis Shun Cuts | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">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&#8217;s oil minister al-Naimi who sparked the latest dump:<\/p>\n<ul>\n<li><strong>*NAIMI SAYS `WHY SHOULD I CUT PRODUCTION&#8217;?<\/strong><\/li>\n<\/ul>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">And with that WTI plunged to a $60 handle on heavy volume&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141210_oil.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141210_oil_0.jpg\" alt=\"\" width=\"600\" height=\"461\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">For now Russia and Brazil have stabilized their FX somewhat but Mexico is beginning to suffer now among the oil producers&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><!-- [if gte mso 9]><xml>\n <w:WordDocument>\n  <w:Zoom>0<\/w:Zoom>\n  <w:DisplayHorizontalDrawingGridEvery>0<\/w:DisplayHorizontalDrawingGridEvery>\n  <w:DisplayVerticalDrawingGridEvery>0<\/w:DisplayVerticalDrawingGridEvery>\n  <w:UseMarginsForDrawingGridOrigin\/>\n <\/w:WordDocument>\n<\/xml><![endif]--> <!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 13.0pt; font-family: LucidaGrande; color: #282828;\">&#8230;click on the above link to read the rest of the article&#8230;<\/span><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s oil minister al-Naimi who sparked the latest dump: *NAIMI SAYS `WHY SHOULD I [&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":[588,592,1775,701],"class_list":["post-2733","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil","tag-oil-price","tag-oil-price-collapse","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2733","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=2733"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2733\/revisions"}],"predecessor-version":[{"id":2734,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2733\/revisions\/2734"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}