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Oil Crashes After Saudi-Iran "No Deal" Headlines

It appears the entire headline-hockey debacle was a farce: SAUDI ARABIA, IRAN MADE NO PROPOSALS DURING MEETING: ZANGANEH Just minutes before, we got this... U.A.E. `OPTIMISTIC' ABOUT REACHING OIL DEAL, MAZROUEI SAYS UAE: GREAT IF WE CAN GET FREEZE; MKT WILL STILL RECOVER IF NOT UAE: NOT DISCUSSING ANY ALLOWANCES FOR MEMBERS TO RAISE OUTPUT Which Iranian Oil Minister Zanganeh rebuffed: SAUDI ARABIA, IRAN MADE NO PROPOSALS DURING MEETING: ZANGANEH So no deal.
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