Headlines Lift WTI Above $45 Despite Oil Speculators Abandoning Hope Of OPEC Deal
September 26, 2016 at 11:22 AM EDT
Oil prices have bounced off Friday's plunge lows, with WTI hovering around $45. The market for now is being driven by short-term headlines offering hope of a deal/production cuts (and rapid denial) and medium-term speculators unwinding bullish bets.