Hedge Fund News From HedgeCo.Net

Hedge Funds Back Off Oil As Saudis Keep Market On Its Toes

(Gulf News) As investors digest the signals of increasing supplies from Saudi Arabia and Russia, and the US is said to back the idea, futures have slumped 9 per cent in less than three weeks. Total positioning on West Texas Intermediate is the lowest in almost a year ahead of an Opec meeting in Vienna on June 22 and 23.

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