Oil Dives (Again) As Hedge Funds Most Bullish In 3 Weeks

On Sunday evening we wondered if news that Libya and Nigeria may soon be asked to cap output would serve as a catalyst for crude prices to start the week. https://twitter.com/heisenbergrpt/status/884102933507444739 If you're interested in the details on that, you can read them here, but suffice to say any positive sentiment the comments from Kuwait’s Oil Minister might have created evaporated entirely by about 5 a.m. EST. Long story, short, WTI is back below $44 and Brent is down near $4