
“I don’t know if it is really real. It happens at a moment when the geopolitical order is moving. The Saudis are trying to play with what they can. It is just a signal sent to the U.S. they want more consideration.”
-Guillaume Tresca, a senior emerging-market strategist at Generali in Paris, in comments to Bloomberg. A Wall Street Journal report said that Saudi Arabia is considering accepting yuan payments for oil sold to China. [Bloomberg]