WTI ‘Off The Lows’ After Large Crude/Gasoline Inventory Draws; Pump-Prices Set To Tumble Oil prices extended their recent plunge this morning as traders expect Saudi Arabia to steer OPEC+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members. “History shows that when OPEC+ leadership decides to encourage compliance by supply pressure, it does not stop until it achieves its goal,” said Bob McNally, president and founder of Rapidan Energy Advisers LLC and a former White House energy official. Overnight we saw a mixed bag from API (big crude build and… — Continue at ZeroHedge News : Read More
