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This may be what got the algos all excited...
Seconds after Oil hit the lows and NYMEX closed - and S&P broke the critical 1812 level, this hit:
*OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ
So, first it was Venezuela speaking for the Saudis, then it was Russia speaking for the Saudis, now it is the UAE.
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Oil rumors
Posted by puma on 11th of Feb 2016 at 03:02 pm
This may be what got the algos all excited...
Seconds after Oil hit the lows and NYMEX closed - and S&P broke the critical 1812 level, this hit:
*OPEC READY TO COOPERATE ON CUT, UAE ENERGY MIN SAYS: WSJ
So, first it was Venezuela speaking for the Saudis, then it was Russia speaking for the Saudis, now it is the UAE.