What Tropical Storm? What Iranian threat to close the Straits of Hormuz? What kidnappings in Nigeria?
In mid-day trading, oil has fallen below $120. Every news wire is is listing the same 4 reasons that they said were holding oil steady around $125. The evidence of increased output by OPEC is apparently winning out now over the weather, Iranian saber rattling, and Nigerian rebels.
Business Insider Emails & Alerts
Site highlights each day to your inbox.