WTI is starting out the day on the offer, opening in a bearish gap and extending the bear trend to a low of $52.19 and lowest levels since October. At the start of the year, it was all about US-Iranian tensions, and the aftermath of the de-escalation of troubles has continued to weigh on the price in a massive positioning shakeout. "We continue to expect follow-through selling in the complex, as trend followers further sap liquidity from the market, selling their length and adding shorts," analysts at TD Securities argued. WTI oil prices fell to $52.19 in early Asia to print the lowest level since Oct. 10. The black ... (full story)