Oil Short-Sellers Make a Comeback as OPEC Moves to Center Stage | Rabobank

Oil Short-Sellers Make a Comeback as OPEC Moves to Center Stage

November 9, 2018

Factors contributing to the bearish oil market in 2018 included record U.S. output and waivers given to importers of Iranian crude, including China. Investors waited to hear whether OPEC would decide to trim production at its November meeting. “The supply side didn’t necessarily play out as they had expected, especially given the waivers, and at the same time, we were building stock and we still are,” Rabobank Energy Strategist Ryan Fitzmaurice told Bloomberg.