- OPEC's decision to maintain its output target is “unambiguously bearish,” SocGen's Mike Wittner says.
- “This will reverberate for years.”
- OPEC is saying: “bring on lower prices and let the market do the job of throttling U.S. shale oil growth.”
- Crude futures -3.7% to $70.97.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, OTC:DWTI, DNO, SZO, OLO, OLEM