Bloomberg | Oil Heads for Biggest Weekly Loss Since May on Equities Rout Bloomberg “The long oil trade is way too overcrowded and these markets tend to overshoot their supply demand dynamics,” said Phil Streible, senior market strategist at RJ O'Brien Associates LLC. We're seeing liquidation in the oil market because of the spill ... $20 oil? Welcome to Canada, where crude prices haven't recovered US oil benchmark struggles to hold gains as global stocks stabilize, output climbs Oil Edges Up but Fails to Recoup Losses |