IPFS News Link • Russia
WTI Tumbles To $21 Handle After Saudis Crush Hopes Of Russia Detente
• https://www.zerohedge.com, Tyler DurdenWhile oil prices were already sliding, headlines from the Saudis that there are no talks with Russia ongoing sent prices tumbling with WTI back to a $21 handle...
"There have been no contacts between Saudi Arabia and Russia energy ministers over any increase in the number of OPEC+ countries, nor any discussion of a joint agreement to balance oil markets," the Saudi Ministry of Energy said in a statement.
Maybe The Bank of Canada and The Fed should start buying (and storing) oil?