Oil Spikes (Again) On Another Idiotic OPEC Headline From Venezuela

Seriously!!

This "VENEZUELA SEEKS OPEC, NON-OPEC PRODUCERS MTING: DEL PINO" - cause this...

 

And the headline enabled algos to run the stops...

 

The squeeze appears to be running out of steam in ETF land...

 

The problem is - it's not working for stocks...