Hedge Funds Flocked To WTI Crude Ahead Of Texas Cold Snap ...Middle East

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Hedge Funds Flocked To WTI Crude Ahead Of Texas Cold Snap
source : OILPRICE ( Middle East ) () 7
Portfolio managers further increased their long positions in the most traded petroleum contracts, with bullish bets focused almost entirely on the U.S. benchmark WTI Crude, Reuters columnist John Kemp wrote in an analysis of the latest exchange data. In the week to February 9, hedge funds and other money managers bought the equivalent of 33 million barrels in the six most traded oil futures and options contracts. The buying was mostly concentrated on WTI Crude, where the long position increased by the equivalent of 30 million barrels in the week…

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