As oil heads toward its first weekly decline in a month, investors aren’t exactly sure where the commodity is heading next as the crude rally “based on slumping U.S. production and lower output from Nigeria, Colombia and Libya, seems to mask longer-term problems of oversupply,” according to Bloomberg. “We’re seriously concerned that the market may suddenly realize we have too much oil,” said Dominic Schnider, the head of commodities and Asia-Pacific foreign exchange at UBS’s wealth-management unit in Hong Kong. “Oil is ripe for a consolidation or correction into the mid-to-low [USD]30s.”