“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting

“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting

Well, things have been "choppy" overnight and especially around the flood of OPEC headlines that started coming in around 4:30 a.m. EST. As noted earlier this morning, crude dipped precipitously (although, the definition of phrases like "precipitous dip" and "flash crash" seems to be getting more liberal by the day of late) when Saudi Arabia's Energy Minister seemed to rule out deeper production cuts: That coincided with what Bloomberg described as "an unexplained, high-volume drop in DAX
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