Hedge Fund News From HedgeCo.Net

Brent Oil Steals Show as Hedge Funds Leave U.S. Crude Aside

(Bloomberg) While enthusiasm in the U.S. oil market dwindles, things are looking a little brighter across the pond. For a second week, hedge funds refrained from making big bets on West Texas Intermediate prices stuck below $50 a barrel in New York as American output keeps rising. Meanwhile in London, Brent surged to a 12-week high as global physical markets tighten. The gap between the two benchmarks hasn’t been so wide in almost two years.

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