Hedge Fund News From HedgeCo.Net

Hedge Fund Positions in Oil Look Stretched

(Reuters) Hedge funds have become strongly bullish on the outlook for all parts of the petroleum complex, amid signs global crude stocks are declining and fuels will be short supply after hurricane-related refinery outages. But with so many fund managers already betting heavily on a further rise prices, the market has become lopsided and the risk of a sharp reversal has increased significantly.

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