The Swiss-Franc-inspired spike in crude oil (crazy but true) as Europe opened has seen its highs broken as WTI Crude tests $46 once again following reports of Saudi Oil Minister Ali Al-Naimi meeting with Rolf Willy Hansen - ambassador of Norway, Oleg Ozerov - ambassador of Russia, and Pekka Voutilainen, ambassador of Finland; to discuss "market stability." Why would that spike oil prices? Because the three are plotting the final destruction of US shale... just as Obama makes an appearance at Abdullah's funeral?
"Stability"
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oh and this...seriously!! Everything correlated.. and nothing fundamentally based.
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Charts: Bloomberg
