Credit Suisse: Investors Are More Bearish on Oil Than They Were During the Financial Crisis

Analysts at Credit Suisse channel Arnold Schwarzenegger in their latest note discussing the state of black gold, entitled: "Oil Be Back."

The seeming dissolution of the Organization of Petroleum Exporting Countries prompted oil to end this week on a poor note, and more negative catalysts proceeded to emerge. Forecasts of a milder winter, the Venezuelan elections, and the start of a five-day "contract roll" period have all combined to add to the selling pressure, according to Credit Suisse, but this rout may have nearly concluded.