Just when industry experts were eying zee stabilittee in oil prices in the last 12 hours, this happens...
*SAUDI ARABIA SAID TO SEE OIL AROUND $60/BARREL: WSJ
And crude oil prices begin to dip once again.
As The Wall Street Journal reports,
Oil may stabilize around $60/barrel, WSJ reports, citing unidentified people familiar.Suggests Saudis won’t push for supply cuts in near-term, even if oil prices fall further
* * *
And the reaction...