And from ZeroHedge:
Oil Tumbles Back Into Red As Saudi "Whatever It Takes" Jawboning Is Not Enough
Just 2 hours after news broke of Saudi officials discussing the need to do "whatever it takes" to stabilize the oil market - sending crude soaring - half the gains are gone. With the algos tagging Friday's highs, WTI Crude has tumbled back into the red from Friday's close as traders want action not words to solve the massive global oil glut...
