Rising global oil supply and weaker-than-expected demand have made traders increasingly bearish on oil prices. Hedge funds and other money managers accelerated their selling in the most traded petroleum futures contracts in the latest reporting week to September 3. Portfolio managers slashed their overall net long position—the difference between bullish and bearish bets—to the lowest level since exchanges began compiling such data in 2011. The positioning in crude oil was already tilted to the bearish side in the previous…
Hence then, the article about oil prices tumble as traders turn bearish 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 ( Oil Prices Tumble as Traders Turn Bearish )