Some See Oil's Retreat as Prelude to Bigger Fall

摘要

After crude futures closed lower for a second consecutive session on Tuesday, one trader remarked that a correction was inevitable after oil's dramatic recovery from its lows earlier this year. However, he added that the relatively mild dip from recent highs might just be the prelude to a bigger sell-off if speculators who have previously been betting on higher prices get cold feet and start selling futures in earnest.