You are here

Oil bears routed by spring thaw in prices

Tuesday, April 28, 2015 - 05:50

Houston

SPECULATORS pulled bearish oil bets at the fastest pace on record as Saudi Arabia renewed strikes on Yemen and US output slowed.

Hedge funds reduced their short position in West Texas Intermediate crude by 32 per cent in the seven days ended April 21, driving the net-long

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom