- Saudi Arabia’s oil minister dismissed talk of an OPEC "price war" as having “no basis in reality” in his first public comments since crude plunged into a bear market last month.
- "Saudi oil policy has remained constant for the past few decades and it has not changed today,” said Ali al-Naimi at a conference in Acapulco, Mexico, yesterday.
- Brent crude futures fell below $80 yesterday for the first time since September 2010 on concern OPEC is in no hurry to stop the four-month slide in prices.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, TWTI, OLEM