Hedge funds turn bullish again on oil:

(Reuters) – Hedge fund managers have turned bullish again towards crude and fuels, adding a significant number of new long positions in the last two weeks, after spending much of the previous four months liquidating positions.

Hedge funds and other money managers raised their combined net long position in the six most important petroleum futures and options contracts by 47 million barrels in the week to Sept. 4.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply