Correction!

Correction! It was a rough start to the week for energy bulls as Crude Oil prices fell over $2 in overnight trading. The catalyst was comments from Saudi Arabian Oil Minister Ali al-Naimi, speaking to reporters at an energy conference in Amman,Jordan. Mr. Naimi was quoted saying "There is no lack of capacity right now. Supply is ahead of demand." This was all it took to get commodity funds to start liquidating some of the large long positions they were holding. Read More....