Hedge Fund News From HedgeCo.Net


Hedge Funds Boost Gasoline Bets as July 4 Holiday Nears

Bloomberg – Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East.

Money managers increased net-long positions by 7.6 percent in the week ended June 24, U.S. Commodity Futures Trading Commission data show. Long positions advanced 5.5 percent and shorts fell 0.3 percent.

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