It was a day of two halves for the oil market yesterday, with strength earlier in the day driven by strong macro data out of China, along with suggestions of the potential for deeper cuts from OPEC+ when they meet later this week. However as the day progressed, the market did give back quite a bit of these gains. A decision from the US to reintroduce tariffs on aluminium and steel imported from Brazil and Argentina did little to help sentiment while manufacturing data out of the US was also fairly disappointing. Meanwhile, the latest CFTC data (which was delayed due to Thanksgiving) shows that speculators increased ... (full story)