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Hedge funds no longer sure oil prices will fall furthe
LONDON, Sept 21 (Reuters) - Hedge funds continued to pare short positions in U.S. crude oil last week even as the previous short-covering rally ran out of steam. The unusual concentration of hedge fund short positions built up between June and August has been partially unwound, reducing some of the persistent selling pressure evident in the market during the third quarter. ... Full investment news article
Falling Oil Prices Hurt Russia More Than Sanctions
For years, the Russian economy enjoyed stable growth rates supported by high commodity prices – oil and gas, in particular. Everything changed in 2014, when a combination of Western sanctions and falling oil prices created a toxic environment not seen since the 1998 financial crisis. Full investment news article