Post Tagged with: "hedge fund buying"

Source: Reuters

Column: Oil output restraint draws hedge fund buying: Kemp

Reuters


LONDON- Portfolio managers increased their positions in petroleum last week, reversing roughly half the sales over the previous three weeks, as benchmark oil prices started to break up through the recent ceiling.

Hedge funds and other money managers purchased …

Source: Reuters

Oil sees wave of fund buying on early COVID immunisation hope: Kemp

Reuters


LONDON – Hedge funds started to become more bullish on the outlook for oil last week amid rising hopes a successful coronavirus vaccination programme will enable the early resumption of business activity and air travel.

Hedge funds and other …