Oil Plunges Under $45 - Near Saudi-Short-Squeeze-Lows

After the biggest short squeeze in history - thanks to a well-placed and entirely useless Saudi statement about OPEC freeze discussions - oil prices have slipped notably - now back below $45 once again...

After the biggest short squeeze in history - thanks to a well-placed and entirely useless Saudi statement about OPEC freeze discussions - oil prices have slipped notably - now back below $45 once again...

 

As we said before - the short-squeeze ammo has run out - and record gluts, record production, and slumping demand realities are biting.

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