You are here

Liquidation of short positions, not bulls, behind recent oil rally: data

37252908 - 22_01_2016 - US-PLUNGING-ENERGY-PRICES-PUT-STRAIN-ON-TEXAS-ECONOMY.jpg
Oil enthusiasts haven't been jumping on board the latest rally.

New York

OIL enthusiasts haven't been jumping on board the latest rally.

As crude has soared 50 per cent since Feb 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom