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Oil Traders Hail Output Cuts But Wary On Economic Outlook: Kemp | Business Recorder

by brecorder.com posted 1month ago 4 views
LONDON: Hedge fund managers are becoming progressively more bullish on the outlook for crude and gasoline prices, but they are turning increasingly against diesel, notwithstanding the IMO marine fuel deadline at the end of the year. Hedge funds and other money managers were net buyers of 23 million barrels of futures and options linked to crude and refined products in the week to April, according to exchange and regulatory position records.

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