santriwati on Nostr: The recent spike in prices comes as investors are jolted out of record bearish ...
The recent spike in prices comes as investors are jolted out of record bearish positions that had been accumulated throughout September. Many hedge funds and money managers had previously bet against oil futures, anticipating a reduced demand outlook, particularly from China, the world's largest crude oil importer . However, the escalating tensions in the Middle East have shifted market sentiment, leading to a more cautious approach among investors.
Published at
2024-10-08 02:25:38Event JSON
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"content": "The recent spike in prices comes as investors are jolted out of record bearish positions that had been accumulated throughout September. Many hedge funds and money managers had previously bet against oil futures, anticipating a reduced demand outlook, particularly from China, the world's largest crude oil importer . However, the escalating tensions in the Middle East have shifted market sentiment, leading to a more cautious approach among investors.",
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