Oil Bulls’ Will Broken as Roiled Economies Pose Risk to Growth

Oil Bulls’ Will Broken as Roiled Economies Pose Risk to Growth

July 14, 2015
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By hellenicshippingnews Speculators retreated from bullish oil bets at the fastest pace since 2012 on mounting concern that economic turmoil in Europe and Asia will prolong a supply glut. The net-long position in West Texas Intermediate crude fell 20 percent in the week ended July 7, U.S. Commodity Futures Trading Commission data show. Longs dropped 1.7 percent … Read full story ›

Source:: Hellenic shipping news Oil