Friday, April 24, 2026
Column: Fund buying in oil stalls after prices top $60- oil and gas 360

Column: Fund buying in oil stalls after prices top $60

Reuters LONDON – Hedge funds added to their bullish positions in petroleum last week, but for the second week running, purchases were restricted to U.S. crude, with no buying elsewhere in the complex. Traders anticipated ultra-low low temperatures would cause wells to freeze and other disruptions across the Texas oilfields, reducing supplies of West Texas Intermediate (WTI) and other local

New York, New York–(Newsfile Corp. – February 22, 2021) – Pomerantz LLP announces that a clas…

Petrobras’s $18 Billion Rout Deepens on Series of Downgrades- oil and gas 360

Petrobras’s $18 Billion Rout Deepens on Series of Downgrades

Bloomberg A sell-off in Brazil’s state-controlled oil firm Petroleo Brasileiro SA picked up on Monday after a group of analysts downgraded the stock within 24 hours, following the government’s decision to replace the company’s chief executive officer. Bradesco BBI, BTG Pactual, Credit Suisse, JPMorgan, Nau Securities, Santander, Scotiabank and XP Investimentos cut their ratings on the shares after Brazilian President