Bloomberg on Nostr: Hedge Funds Hiked Bearish Bets on Crude as Prices Plunge ========== Hedge funds ...
Hedge Funds Hiked Bearish Bets on Crude as Prices Plunge
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Hedge funds increased their bearish bets on US crude as prices dropped to the lowest in over seven weeks. In the week through April 30, money managers' position in West Texas Intermediate decreased by 6,957 lots to 172,689 lots, marking the third consecutive week of declines. Hedge funds, on the other hand, raised their bets against crude by 9,705 lots to 78,141, the highest level since January.
https://www.bloomberg.com/news/articles/2024-05-03/hedge-funds-hiked-bearish-bets-on-crude-amid-this-week-s-plunge
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Hedge funds increased their bearish bets on US crude as prices dropped to the lowest in over seven weeks. In the week through April 30, money managers' position in West Texas Intermediate decreased by 6,957 lots to 172,689 lots, marking the third consecutive week of declines. Hedge funds, on the other hand, raised their bets against crude by 9,705 lots to 78,141, the highest level since January.
https://www.bloomberg.com/news/articles/2024-05-03/hedge-funds-hiked-bearish-bets-on-crude-amid-this-week-s-plunge