WTI Crude Plunges To $31 Handle As Production Cut Gains Entirely Erased
Denials, Goldman's dismissal, and now Persian Gulf oil producers unsupportive, and Thursday's exuberance is done...
You didn't really think it was that easy right?
As WSJ reports,
Persian Gulf Arab oil producers don't support holding an emergency meeting of the Organization of the Petroleum Exporting Countries, officials said, dampening expectations that the group will act to prop up sagging crude prices.