Oil has fallen for seven straight weeks and is in danger of falling again this week after a $2 decline today.WTI is trading down $2.07, or -3.0%, to $69.25. The drop nearly erases three days of modest gains and comes ahead of weekly private US inventory data later today and official data on Wednesday.The long-term thesis of a barrel shortage has been severely strained in the fourth quarter as global inventories built despite large OPEC production cuts. Seasonally, Q1 demand is low so the market is questioning whether inventories will draw at all in Q1. Beyond that, OPEC may start to bring back more barrels, keeping the market in a surplus.If not, there's a threat that US shale could keep the
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