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Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks

Zero Hedge – by Tyler Durden

WTI and Brent oil prices are plunging after Reuters headlines, quoting sources briefed on the matter, that Saudi oil output will return to normal quicker than initially thought.

WTI  is back down to a $59 handle for now – so not entirely convinced… 

Brent is down 5% on the news as a “top Saudi source” confirms that Saudi output will be fully back online in next 2-3 weeks.

S&P Energy stocks are tumbling too…

https://www.zerohedge.com/commodities/oil-prices-plunge-reports-saudi-output-levels-normalized-2-3-weeks

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1 Response to Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks

  1. # 1 NWO Hatr says:

    wow…

    … how predictable was THAT?

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