It's incredible, when there's a trend no "news" may break the trend, in this case, a downtrend for oil. So, what really breaks trends is certainty (when markets become one-sided)?
Of course it's supply and demand Demand is lower, prices are lower; however, we are a the lower end of the ST cycle so look for a bounce in crude from these levels. It could go as lowas 90 before rallying
heck not even a serious flight to quality on the stock index sunday weakness kept a firm bid under crude tonight on second thought rally that black gold !