Will Falling Crude Prices Lead To Deeper OPEC+ Cuts?

The bearish positioning of oil traders in recent weeks has led to a sell-off on the market as speculators reduced bullish bets amid resurfaced concerns about the global economy and oil demand.  The bullish sentiment from September, when the market was focused on the OPEC+ supply cuts, gave way to a bearish mood in the latter part of October and so far in November, as concerns about a supply crunch were replaced by renewed fears of weakening demand.   As a result, the bullish positioning of the fund managers in the two most traded…