Hedge Fund News From HedgeCo.Net

Bullish oil bets fall to 11-month low:

August 20, 2018 : Permanent Link

(Reuters) – Hedge funds have cut their bullish position in crude oil and refined fuels to the lowest level for almost a year, as fund managers continued to close out former long positions. Hedge funds and other money managers cut their net long position in the six most important petroleum futures and options contracts by 69 million barrels in the week to Aug. 14. Net length has been cut in 12 out of the last 17 weeks with a total reduction of almost 460 million barrels since April 17.

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