This Is About As Bearish As Oil Has Been Since the 2008 Financial Crisis

Oil prices are little changed in Wednesday's intraday sessions after they tumbled more than 4% on Tuesday to a near two-week low on easing Iranian supply disruption fears. According to a report by the Washington Post, Israeli Prime Minister Netanyahu told the Biden administration that Israel is willing to strike Iran’s military infrastructure rather than oil or nuclear facilities, and that Israel would take U.S. opinion into consideration. Brent crude for December delivery was flat to trade at $74.22/barrel at 13.05 pm ET while WTI crude…