Oil Spikes On OPEC Cut Headline (Misses Russian Refusal Headline)

Oil prices are spiking after headlines hit stating that "SAUDI, GULF OPEC ALLIES MAY CUT OIL OUTPUT 4% FROM PEAK:REUTERS." However, it appears the machines missed the rest of the stories, beginning with "RUSSIA TOLD GULF/OPEC MEMBERS THAT IT WILL NOT CUT OUTPUT."

So we rally on "may cut" and ignore "will not cut"...