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Oil Prices Falling Again As Oversupply Fears Reign

One hundred and thirty-four years after the birth of Virginia Woolf, and action in the crude complex is night and day compared to Friday. After rampant short-covering was seen at the end of last week, this week kicks off with a return to rampant selling. Normal service is resumed as oversupply fears return, and crude heads lower once more. We’ve had a number of economic releases out of Russia, all of which point to a country feeling the pain of low oil prices. The Russian economy contracted by 3.7 percent in 2015, the biggest drop since 2009,…
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