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Access here alternative investment news about Brent Short-selling At 5-month High | Rigzone
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Brent Short-selling At 5-month High | Rigzone

by rigzone.com posted 1week ago 13 views
Hedge funds are growing more pessimistic about oil prices as sentiment on the global economy sours. : (Bloomberg) -- Hedge funds are growing more pessimistic about oil prices as sentiment on the global economy sours. Money managers pushed bets on a decline in Brent crude prices to the highest since mid-January in the week ended July 2, according to data released Friday. It was another sign of waning faith in a week that saw prices drop amid a host of sluggish reports on global manufacturing. That overshadowed a deal by OPEC and its allies to extend supply cuts.

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