Hedge Fund News From HedgeCo.Net

Hedge Funds Watch US Refinery Restarts

September 13, 2017 : Permanent Link

(Reuters) Hedge funds are betting crude oil stocks will adjust quickly to the aftermath of Hurricanes Harvey and Irma but gasoline and distillate inventories may take more time to normalize. Hedge funds and other money managers increased their combined net long position in the five major petroleum contracts linked to crude, gasoline and heating oil by 46 million barrels in the week to Sept. 5, according to the latest regulatory and exchange data.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Recent Posts

  1. Stock futures fall after Meta Platforms, IBM report quarterly results: Live updates
  2. Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
  3. IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
  4. JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
  5. Rubrik prices IPO at $32 per share, above the expected range

Search


Categories