Investors turned more bearish on oil last week than ever

Investors turned more bearish on oil last week than ever

Negative sentiment caused short positions on Brent crude to overtake long positions for the first time. | Photo Credit: REUTERS Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations. Negative sentiment swept oil … Read more