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Hedge Fund Managed Futures

Hedge funds boosted bullish oil bets ahead of Maduro capture

hedgeweek

5 months ago

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Hedge funds sharply increased bullish positions on crude oil in the week before the US capture of Venezuelan President Nicolás Maduro, according to a report by Bloomberg citing data from teh Commodity Futures Trading Commission (CFTC).
The CFTC figures show net-long WTI positions rose by 2,045 lots to 19,711 lots, the largest increase in two months, while bullish Brent positions hit a four-week high on ICE Futures Europe.
The moves reflected speculation over potential US military action against...

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