Hedge Funds
LONDON, Sept 24 (Reuters) - Hedge fund managers made only minor adjustments to their overall position in petroleum futures and options in the latest week but continued their rotation out of West Texas Intermediate into Brent. Hedge funds and other money managers raised their combined net long position in the six most important petroleum contracts by just 3 million barrels to 1.049 billion barrels. Fund managers boosted their net position in Brent (+28 million barrels) and U.S. gasoline (+4 million) but cut positions in U.S. heating oil (-4 million), European gasoil (-9 million) and WTI (-16 million barrels).

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