Disagree, if all the other markets rallied , but ths couldn't, shows tremendous weakness.
Remain short (i didn't post my trade since i was on the move).
Not sure how they will "kill" saudis seeing they are the biggest country in terms of output in OPEC.
Nevertheless, it is all smoke and mirrors as u say.
Stopped out at 82.85 on that half long.
i read in FT the other day that Saudi wants to increase oil output to keep prices down, doesn't want to jeopardise the global recovery (not sure where this recovery is, but anyway).