Investors sold petroleum for a fifth consecutive week but the pace of selling slowed as the balance of risks began to shift to the upside and beaten down prices provided a more attractive re-entry point. Hedge funds and other money managers sold the equivalent of 15 million barrels in the six most important petroleum-related futures and options contracts over the seven days ending on December 13. Fund managers sold a total of 236 million barrels over five weeks starting on November 8, according to position records published by ICE Futures Europe…
Hence then, the article about are hedge funds ready to start buying oil again was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Are Hedge Funds Ready To Start Buying Oil Again? )