Signs of cooling demand and rising inventories have resulted in a reversal in crude prices Hedge funds have taken the cue and are beginning to slam the brakes on their oil buying spree Despite the more negative sentiment, a section of Wall Street believes oil prices still have room to run After a nine-week winning streak, oil prices have gone into reverse gear as worrying signs of cooling demand have begun to appear. WTI climbed 11% and Brent rose 7.5% in the month of October, as global oil consumption outpaced supply and drained stockpiles. However, another crude buildup in the United States has got the market fretting that this epic rally could be running out of steam. On Tuesday, the American Petroleum Institute (API) reported an inventory build for crude oil of 3.594 million barrels, more than double the 1.567-million barrels build that analysts had predicted. That marked […]