“All-In” Hedge-Funds Turn Cautious Ahead Of OPEC As Oil Prices Stumble

With WTI back below the Maginot Line of $50, speculative investors are growing increasingly anxious about their record extreme bullish positioning across the energy complex.
As Reuters’ John Kemp reports, hedge fund bullishness towards crude oil and refined products including gasoline and diesel appears to have peaked for now, according to an analysis of regulatory and exchange records.
Speculative traders’ positioning across crude and especially refined fuels had looked increasingly lopsided in recent weeks as fund managers turned from very bearish in June to super-bullish by the end of September.

This post was published at Zero Hedge on Oct 9, 2017.

 

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