The Business Times
SUBSCRIBERS

Hedge funds dump crude oil as Iran deal may prolong glut

google-preferred-sourceAdd BT as a preferred source
Published Mon, Jul 20, 2015 · 09:50 PM

    Houston

    SPECULATORS cut bullish bets on oil to the lowest level since March because an agreement over Iran's nuclear programme threatens to prolong a global supply glut.

    Money managers reduced their net-long position in West Texas Intermediate (WTI) crude by 15 per cent in the week ended July 14, US Commodity Futures Trading Commission (CFTC) data shows. Longs dropped 7.9 per cent and short wagers rose 4.2 per cent.

    Hedge funds

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More