Hedge Fund News From HedgeCo.Net

Hedge funds boost diesel bets with supply at decade low

FuelFix – Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years boosted demand and cut U.S. supply to the lowest in a decade.

Money managers increased net-long positions, or wagers on rising prices, by 29 percent in the week ended Feb. 4, the third consecutive gain, U.S. Commodity Futures Trading Commission data show. Long positions expanded by 5,016 contracts and short wagers fell by 1,020.

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