Hedge Funds Pile into Gasoline Amid Pipeline, Refinery Woes

(Reuters) Money managers have amassed their largest bullish position in U.S. gasoline in more than three months as pipeline and refinery outages send futures and pump prices of the motor fuel soaring, data showed on Friday.

Hedge funds and other speculators almost doubled their net long position in gasoline futures and options this week from a week ago as prices scaled two-week highs on the New York Mercantile Exchange.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply