Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets

Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets

September 29, 2015
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By hellenicshippingnews The momentum behind wagers on rising oil prices picked up steam as U.S. drilling slows and producers face potential credit line cuts. Money managers’ long position in West Texas Intermediate crude climbed by 6.1 percent in the week ended Sept. 22, the most since January, according to data from the Commodity Futures Trading Commission. The … Read full story ›

Source:: Hellenic shipping news Oil