Oil has settled at the bottom of its two-day range in Asia leaving bullish positioning nervous into the weekend. Oil slipped into wait and see mode overnight as a lack of drivers turned chatter more and more towards OPEC and Non-OPEC’s summit on the 30th November. Brent gave up its meagre gains on Wednesday to close 50 cents down at 61.45. WTI fared somewhat better. Closing unchanged from the previous day at 55.25. Neither close will give much comfort to the long oil positioning out there with the technical picture on both contracts showing bearish consolidation implying probable further losses as we head into the ... (full story)