Oil Careens Lower On Heavy Volume; Goldman Sees “Green Shoots” For Crude

Ok, well crude careened lower about an hour ago, seemingly out of the blue. You're reminded that oil hit an 8-week high on Wednesday, buoyed by EIA data which largely confirmed Tuesday's bullish API numbers, jitters about Venezuela, and promises of a cap on Saudi exports. After the bell, we learned that Whiting is cutting its 2017 budget by 14% to $950 million. That came one day after Anadarko announced plans to cut spending. https://twitter.com/heisenbergrpt/status/890311233563488257 So tha