OPEC technical panel heard a concerning bearish outlook for the oil market ...Middle East

An OPEC technical panel (Economic Commission Board (ECB)) was given a presentation by an invited financial market group. The Onyx Capital Group owns trading arm, Onyx Commodities, which, so it says, is the world's biggest market maker by volume across oil swaps.Reuters reports that the presentation painted a bearish outlook for the oil market:"Market sentiment had been fragmented for much of this year, but the evidence is that there has been a recent shift in collective sentiment to bearish as we head towards the end of the calendar year," one of the presentation slides by Onyx Capital Group showed.Onyx says it owns a dataset that analyses market positions to predict how the market behaves.

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