Hedge Fund News From HedgeCo.Net

US- Hedge funds prepare for another oil spike

MENAFN – Hedge funds and other money managers have started to ready themselves for another big spike in oil prices in the next few months, according to positioning data from the US Commodity Futures Trading Commission (CFTC).

By Aug. 28, hedge funds had accumulated a net long position in WTI-linked futures and options equivalent to 207 million barrels, up from 151 million a month earlier, the largest net long position since May.

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