Post Tagged with: "funds buy crude"

Source: Reuters

Column: Funds buy crude on expected delay to OPEC+ output increase – Kemp


LONDON – Hedge funds purchased crude futures and options at the fastest rate for six months as portfolio managers became increasingly confident OPEC+ will postpone scheduled output increases until demand is stronger.

The equivalent of 55 million barrels was …

October 26, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC