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

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 […]

Published July 14, 2015

By LizOutLoud

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

      

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