Crude Slides After Saudis Suggest Oil Stabilizes Around $60

Just when industry experts were eying zee stabilittee in oil prices in the last 12 hours, this happens...
*SAUDI ARABIA SAID TO SEE OIL AROUND $60/BARREL: WSJ
And crude oil prices begin to dip once again.

As The Wall Street Journal reports,
Oil may stabilize around $60/barrel, WSJ reports, citing unidentified people familiar.

Suggests Saudis won’t push for supply cuts in near-term, even if oil prices fall further
*  *  *
And the reaction...
Crude Slides After Saudis Suggest Oil Stabilizes Around $60