(Reuters) Many of last year’s most successful oil market bulls have seen their winnings dissolve in the first half of this year, as the crude price has wallowed below $50 a barrel despite output cuts by some of the world’s largest producers. Three of the top five worst-performing hedge funds in the first half of the year specialize in trading oil, directly or indirectly, according to a list compiled by HSBC. Two of those had led the performance charts in 2016.
Bullish Oil Funds Lead Hedge Fund Losers at Half-Year Mark
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