Demand (a lack of) fears are winning the battle of sentiment in crude space this morning, with Brent and WTI both off over 4%.
Even news that Libya's Petroleum Facilities Guards (PFG) has blockaded oil output at several oilfields including Sharara, Wafa and Hamada, can't generate a bid.
~ At this rate we'll be getting those convenient 'oil tanker attacked' headlines hitting the wires.. This is the way.
