Saudis Offer To Cut Production By 500,000 Barrels: “The Oil Market Situation Is Much More Critical”

While odds of a deal in Algiers are virtually nil, keep an eye on oil vol: with a barrage of “headlines” (mostly from anonymous Reuters “sources”) imminent, the only guarantee move is that oil will move dramatically higher and lower in the next three days.

http://www.zerohedge.com/news/2016-09-25/saudis-offer-cut-production-500000-barrels-oil-market-situation-much-more-critical