Saturday, July 26, 2025
Oil fall as Omicron risks weigh- oil and gas 360

Oil fall as Omicron risks weigh

Reuters LONDON -Oil fell on Monday as new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on prices.   Brent fell 78 cents, or 1%, to $74.37 a barrel by 1227 GMT, and U.S. West Texas Intermediate (WTI) was down 72 cents, or 1%, at $70.95 a barrel. Both benchmarks posted

Column: Low hedge fund oil positions create re-entry point- oil and gas 360

Column: Low hedge fund oil positions create re-entry point

Nasdaq LONDON, Dec 13 – Hedge fund selling of oil futures and options slowed in the most recent week, after a tidal wave of selling the week before, probably indicating the liquidation cycle is near its end. Hedge funds and other money managers sold the equivalent of 19 million barrels in the six most important futures and options contracts in