Crude, Stocks Soar On Russia-Saudi "Production Freeze" Headline

Total chaos reigns as equity market "participants" flip from manic-sellers (IMF un-growth and Italian sbank bailout failure) to panic-buyers after the following headline hits Bloomberg:
- SAUDI ARABIA, RUSSIA REACH CONSENSUS ON OIL FREEZE: INTERFAX
- *INTERFAX SAYS SAUDIS TO DECIDE ON OIL FREEZE REGARDLESS OF IRAN
- *INTERFAX CITES UNIDENTIFIED PERSON ON RUSSIA, SAUDI CONSENSUS
The nitial surge reaction...
Just a day after Algeria said Russia would not agree.