WTI Crude Tumbles Back To $43 Handle As Saudi Threat "Denial" Is Denied

What a farce...

First, Reuters reports that Saudis threatened to increase output if Iran disrupts any agreement.

Then we hear from OPEC...

• *SAUDIS DIDN'T THREATEN TO RAISE OUTPUT AT VIENNA MTG: BARKINDO

And now:

• SENIOR GULF OPEC SOURCE SAYS ALL PRODUCERS INCLUDING SAUDI AND GULF OPEC MEMBERS COULD RAISE OUTPUT IF THERE IS NO AGREEMENT

And WTI tumbles...

(Click on image to enlarge)