Hedge funds have increased their bullish exposure to crude oil amid rising geopolitical risk that is feeding supply concerns, according to a report by Bloomberg citing market data from the Commodity Futures Trading Commission (CFTC).
The report cites the CFTC figures as showing that money managers ncreased long positions in US crude futures to a five-month high, reflecting growing wagers on West Texas Intermediate amid competing supply pressures from Venezuela and unrest in Iran. The rise in net...
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