Oil investors, their wounds still fresh from last year’s sharp selloff, are again growing bullish on crude. Supporting the confidence of hedge funds and other money managers: signs that heavyweight producers from the Organization of the Petroleum Exporting Countries are cutting output and the breakneck expansion in U.S. shale drilling is slowing down. Turmoil in oil-rich Venezuela could further constrain supply.

Source: Wall Street Journal January 31, 2019 12:11 UTC