Net long positions on US crude climb to 2-month high
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
SPECULATORS added to wagers that the slump in oil futures, the worst since the global recession, is ending. Prices kept falling anyway.
Money managers raised their net-long position in US crude to the highest in two months in the week ended Dec 9, US government data show. Most of the change came from short holdings contracting to the lowest level since August.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
