​Brent Tumbles Below $70 As Hedge Funds Least Bullish Oil On Record – Tyler Durden

Brent Tumbles Below $70 As Hedge Funds Least Bullish Oil On Record Oil just had its worst week in almost a year, and the new week is starting off just as bad amid concerns about oversupply and lack of demand by China, which now appears willing to risk a middle-class revolution – as employment tumbles and consumer confidence has never been lower – rather than stimulate the economy. Brent tumbled ~10% last week even after OPEC+ postponed its supply hike by two months (amusingly it would have tumbled even more had OPEC+ not delayed its supply hike). Still, given plans…  — Continue at ZeroHedge News : Read More