You are here

Funds turn bullish on oil as US drillers rein in supply

Money managers boost their net-long position in WTI crude by 12% in the week ended Oct 6

us.jpg
Hedge funds turned the most bullish on oil in three months, growing more confident that producers are pulling back fast enough to deflate a supply glut.

New York

HEDGE funds turned the most bullish on oil in three months, growing more confident that producers are pulling back fast enough to deflate a supply glut.

With US oil floating near US$50 a barrel again after almost three months in the US$40s, money managers boosted their net

sentifi.com

Market voices on:

Powered by GET.comGetCom