Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Bullish Oil Bets Rise As Hedge Funds See Crude Supply Tightening
Hedge Funds

Bullish Oil Bets Rise As Hedge Funds See Crude Supply Tightening

by bloomberg.com posted 2years ago 16261 views
Talk of an output freeze by OPEC and Russia along with falling U.S. production spurred money managers to bet oil is ready for a rebound. Prices have risen 13 percent since Saudi Arabia, Russia, Venezuela and Qatar tentatively agreed on Feb. 16 to cap production at January levels. U.S. crude output dropped for a fifth week, government data showed Feb. 24. Hedge funds and other speculators increased their net-long position in West Texas Intermediate...