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Oil CEOs' Grim Outlook Rubs Off on Speculators Fleeing Market

“If we’re living in a world where U.S. production is up 9 percent and OPEC is 6 percent higher, and global demand is growing by 1.4 percent, you can understand that there’s an imbalance there,” Evans said.

--With assistance from Joe Carroll in Chicago.

To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net. To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net Bill Banker


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