Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Hedge Funds Sell Crude As Economy Fears Trump Opec Cuts: Kemp | Hellenic Shipping News Worldwide
Hedge Funds

Hedge Funds Sell Crude As Economy Fears Trump Opec Cuts: Kemp | Hellenic Shipping News Worldwide

by hellenicshippingnews.com posted 2weeks ago 10 views
Hedge funds sold more Brent futures and options last week as concerns about the global economy trumped the decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend output cuts. Hedge funds and other money managers sold another 7 million barrels of Brent derivatives in the week to July 2, according to position data published by ICE Futures Europe. Portfolio managers have now sold a total of 158 million barrels over the last eight weeks, after previously buying 270 million barrels since Dec. 4 (tmsnrt.rs/2YBIwxa).

In this article