Algos Run Oil Stops After Seeing Word "Doha" In Latest Set Of OPEC Headlines
Tuesday oil humor extends to Wednesday as WTI Crude algos key off yet another Doha headline and spike stops above yesterday's highs.
Recall what we, jokingly, said several days ago - all it takes to push oil higher is for the word "Doha" to appear in an OPEC related headline.
This is the headline that pushed oil higher: ECUADOR SAYS GLOBAL OIL PRODUCERS WON'T DISCUSS CUTS AT DOHAalgos just looking for "Doha" now
— zerohedge (@zerohedge) April 8, 2016