Saudi Arabia Is Evaluating A Break Up Of OPEC

In potentially groundbreaking news - which failed to generate a market response as it hit at the same time as the FOMC statement - Saudi Arabia’s top government-funded think tank is said to be studying the possible effects on oil markets of a breakup of OPEC, a research effort which the WSJ called "remarkable" for a country that has dominated the oil cartel for nearly 60 years.