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Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks

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Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks WTI and Brent oil prices are plunging after Reuters headlines, quoting sources briefed on the matter, that Saudi oil output will return to normal quicker than initially thought. WTI  is back down to a handle for now - so not entirely convinced... ...

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Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks

WTI and Brent oil prices are plunging after Reuters headlines, quoting sources briefed on the matter, that Saudi oil output will return to normal quicker than initially thought.

WTI  is back down to a $59 handle for now - so not entirely convinced...

Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks

Brent is down 5% on the news as a "top Saudi source" confirms that Saudi output will be fully back online in next 2-3 weeks.

S&P Energy stocks are tumbling too...

Oil Prices Plunge On Reports Saudi Output Levels Normalized With 2-3 Weeks

Tyler Durden Tue, 09/17/2019 - 09:42
Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

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