(Reuters) – Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iran go into effect fully from November. Hedge funds and other money managers increased their combined net long position in the six major petroleum contracts by another 50 million barrels in the week to Sept. 25.
Hedge funds doubt Saudi Arabia will replace Iranian oil
This entry was posted in Syndicated. Bookmark the permalink.
