Why commodity hedge funds are now betting on an imminent oil price surge Submitted By Hugh Leask | 12/01/2021 - 12:55pm Hedge funds which generated striking returns in volatile energy markets last year are now preparing for a major rebound in oil in 2021, with post-vaccine travel demand, potential inflation hedges, and surging emerging markets growth all combining to push prices higher this year and beyond. Already, the price of Brent Crude hit USD55.76 on Monday, its highest price since March 2020 during the start of the coronavirus pandemic.