Post Tagged with: "surges"

Source: Reuters

Analysis: Spot crude surges while futures slip; rate hikes spook speculators

Reuters


HOUSTON/NEW YORK – Prices for spot crude in much of the world are rising on strong demand and a supply crunch, but in the oil futures market, worries of a recession have kept a lid on values.

Oil futures …

Source: Reuters

Column: Hedge funds cut oil positions as volatility surges

Nasdaq


LONDON, March 21 – Investors trimmed bullish petroleum positions for the second week amid elevated volatility, with prices oscillating between the twin threats posed by sanctions-driven supply disruptions and a demand-destroying recession.

Hedge funds and other money managers sold …