Hedge funds have been safeguarding against a global economic slowdown via commodity shorts in all likelihood. Bloomberg data showed a net short of 153K contracts across 20 raw-materials markets in the latest week, that's the most since at least 2011.The positioning is particularly stark in oil, where the net was cut by 110 million barrels through Tuesday in the most-intense move since covid. Brent positioning is at a record low.Today's OPEC forecasts weren't as bearish as feared and broader sentiment has improved, that's led to a $1 rise in oil prices in the fifth consecutive day of gains.The report forecast demand will rise by 2.11 million barrels per day compared to 2.25 in last month's re
Hence then, the article about commodities are utterly hated right now was published today ( ) and is available onforex live ( 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 ( Commodities are utterly hated right now )